$NVDA just wiped $1.75 trillion in market cap over the past month. That's not a typo.
To put it in perspective, that's more than the entire market value of most S&P 500 companies. Gone. In 30 days.
The speed of this drawdown tells you everything about how crowded the trade was. When everyone's on the same side of the boat and sentiment shifts, the exit gets ugly fast.
Not saying the AI story is over—far from it. But valuations got stretched, expectations got unrealistic, and now we're seeing the reset. This is what happens when a stock runs too hot for too long.
Watch how it behaves around key support levels. If it holds and builds a base here, that's your signal. If it keeps bleeding with no buyers stepping in, we're not done yet.
To put it in perspective, that's more than the entire market value of most S&P 500 companies. Gone. In 30 days.
The speed of this drawdown tells you everything about how crowded the trade was. When everyone's on the same side of the boat and sentiment shifts, the exit gets ugly fast.
Not saying the AI story is over—far from it. But valuations got stretched, expectations got unrealistic, and now we're seeing the reset. This is what happens when a stock runs too hot for too long.
Watch how it behaves around key support levels. If it holds and builds a base here, that's your signal. If it keeps bleeding with no buyers stepping in, we're not done yet.