Nvidia loses $450 billion as chip shares sell off

Nvidia shares fell 9.26% on Thursday, November 5, closing at $181.60 as a broad selloff in semiconductor stocks erased about $450 billion from the company’s market value. Reports linked the decline to investor concerns that political scrutiny of data-center construction could slow the expansion driving demand for Nvidia’s chips, though there was no reported evidence that customers had changed their spending plans. The one-session loss left Nvidia valued at about $4.4 trillion. Its shares had fallen roughly 24% from their October 6 record close, reducing the company’s market value by nearly $1.4 trillion from that peak. The closing price was below the stock’s 200-day moving average, and Nvidia was approaching a fifth consecutive losing week. The decline extended across chipmakers. The PHLX Semiconductor Index fell about 12%, while AMD, Micron and Arm posted steep losses; Broadcom and Taiwan Semiconductor also dropped sharply. The Nasdaq Composite fell 5.52%, and the S&P 500 declined 4.36%. The figures reflected a broader retreat across technology shares, rather than a company-specific fall in Nvidia alone. Investors have focused on the costs and potential returns of the...