Nvidia loses over $1 trillion in market value in one month
The chipmaker's shares fell following the resignation of chief executive Jensen Huang amid leadership and artificial intelligence concerns.
Nvidia lost more than $1 trillion in market capitalisation over the past month as shares plunged during a Wall Street trading session on Thursday, according to the Times of India.
The company's shares fell as much as 14 per cent during the session following the resignation of chief executive Jensen Huang. The stock eventually closed 4.3 per cent lower at $166.19.
The decline has seen Nvidia's market value slip below $4 trillion, a level it had not breached since July 2025. Shares are currently around 30 per cent below the record high reached on October 6.
The resignation of the Nvidia co-founder has impacted his personal wealth. According to Forbes' Real-Time Billionaires rankings, Huang fell from eighth to tenth earlier this week, and his fortune has since dropped him to 13th position.
The selloff affected the broader AI ecosystem, with Nvidia-backed CoreWeave falling 8.1 per cent and Nebius plunging 18 per cent. Super Micro Computer also dropped 12 per cent, while rivals Advanced Micro Devices and Broadcom each gained more than 4 per cent.
Nvidia is scheduled to report its quarterly results next week, with investors expected to monitor revenue growth and the company's outlook.