Nvidia Sheds $1.4 Trillion in Value as Washington Targets AI Data Centers
Updated
Updated · Yahoo Finance · Nov 5
Nvidia Sheds $1.4 Trillion in Value as Washington Targets AI Data Centers
3 articles · Updated · Yahoo Finance · Nov 5
Summary
Nearly $450 billion vanished from Nvidia’s market value at Thursday’s low, leaving it worth about $4.4 trillion and on course for a fifth straight weekly loss.
Washington drove the selloff after Democrats won both chambers of Congress and bipartisan campaigns targeted AI data centers, raising fears of hearings, investigations and higher power-cost burdens.
Nvidia shares are now down nearly 25% from their Oct. 6 record and below the 200-day moving average, while AMD, Micron and Arm posted double-digit losses and the SOX index fell more than a third from its June peak.
History offers mixed comfort: since its 1999 IPO, Nvidia has had only 12 prior streaks of five or more down weeks, and it was higher a year later in eight of them.