Nvidia's drama got another episode yesterday.
At Tuesday's close, it was at 168.89, down another 5.5%, after dipping as low as 165.89 intraday. Over two days, it fell from 186.64 last Friday, wiping out around $430 billion in market value. Trading volume hit 420 million shares—more than three times the usual level. This is no ordinary turnover.
I looked around, and the semiconductor index was basically unchanged that day. Broadcom was up 4%, and AMD was up 1%. Nvidia itself took the hardest hit. This isn't a problem with the chip cycle; it's Jensen Huang's own trouble.
The board also formally handed over the investigation on Tuesday: former acting U.S. Attorney for the Southern District of New York Joon H. Kim and the law firm Wachtell are taking it on. They announced the investigation Sunday and brought in counsel Tuesday—not a slow response, but the board still hasn't given a timeline. It hasn't said when the findings will be released or whether they'll be made public.
Microsoft's market value surpassed Nvidia's on the same day, reclaiming the global No. 2 spot. From its early-October peak of 243, it's down 30% in a little over a month.
$BTC isn't doing much better, still hovering above 73,000. After the CPI report, it hasn't even made it back to 75,000. Both sides are waiting for the same thing: Nvidia's earnings next Tuesday, the 17th, and a closed-door briefing on the 18th.
$BTC #英伟达 #U.S.Stocks
At Tuesday's close, it was at 168.89, down another 5.5%, after dipping as low as 165.89 intraday. Over two days, it fell from 186.64 last Friday, wiping out around $430 billion in market value. Trading volume hit 420 million shares—more than three times the usual level. This is no ordinary turnover.
I looked around, and the semiconductor index was basically unchanged that day. Broadcom was up 4%, and AMD was up 1%. Nvidia itself took the hardest hit. This isn't a problem with the chip cycle; it's Jensen Huang's own trouble.
The board also formally handed over the investigation on Tuesday: former acting U.S. Attorney for the Southern District of New York Joon H. Kim and the law firm Wachtell are taking it on. They announced the investigation Sunday and brought in counsel Tuesday—not a slow response, but the board still hasn't given a timeline. It hasn't said when the findings will be released or whether they'll be made public.
Microsoft's market value surpassed Nvidia's on the same day, reclaiming the global No. 2 spot. From its early-October peak of 243, it's down 30% in a little over a month.
$BTC isn't doing much better, still hovering above 73,000. After the CPI report, it hasn't even made it back to 75,000. Both sides are waiting for the same thing: Nvidia's earnings next Tuesday, the 17th, and a closed-door briefing on the 18th.
$BTC #英伟达 #U.S.Stocks