Nvidia shed $589B in market cap from sell-off
Portfolio Pulse from
Nvidia experienced a significant market cap loss of $589 billion due to a steep sell-off, marking the largest loss on record for the company. Despite this, retail investors purchased over $550 million in Nvidia shares.
January 28, 2025 | 5:30 pm
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Nvidia's market cap dropped by $589 billion due to a sell-off, the largest loss on record for the company. However, retail investors showed confidence by purchasing over $550 million in shares.
The massive sell-off leading to a $589 billion market cap loss is a significant negative event for Nvidia, indicating potential short-term price volatility. However, the substantial purchase by retail investors suggests some confidence in the stock's recovery, which could mitigate the negative impact slightly.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100