NVIDIA's Market Value Plunges $199B Overnight!

On November 4 (local time), U.S. stock markets pulled back sharply as all three major indexes closed lower. Leading tech giants saw broad declines — NVIDIA dropped nearly 4%, wiping out about $199 billion in market value (roughly RMB 1.42 trillion) in a single day. Intel fell more than 6%, Tesla over 5%, Google more than 2%, while Amazon and Meta each slipped more than 1%.

Since hitting a record high on October 29, NVIDIA's stock has been sliding for five straight sessions. By the close on November 5, the company's share price had dropped to $198.69, with a total market capitalization of $4.83 trillion, dipping below the $5 trillion mark just four days after surpassing it for the first time.

Back on October 29, NVIDIA opened higher and surged as much as 5%, reaching a new all-time high of $212.19 per share, pushing its market value to $5.156 trillion — making it the first company in the world to cross the $5 trillion milestone, adding more than $250 billion in market cap in a single day.

Interestingly, NVIDIA CEO Jensen Huang completed a major $1 billion stock sale just before the recent drop. According to an SEC filing on October 31, Huang sold another 25,000 shares on October 29 — the very day NVIDIA's stock hit its peak.

Since June, Huang has sold over $1 billion worth of NVIDIA shares under a pre-arranged trading plan that allowed up to 6 million shares to be sold before year-end. When the sell-off plan began, those shares were valued around $865 million, but strong demand for AI processors has since driven the stock up more than 40%, magnifying the total sale value significantly.