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Chip stocks' slide nears $5 trillion as Nvidia hits most extreme selling level since 2019

Nvidia shares face heavy selling pressure, plunging the broader chip sector toward a $5 trillion slide. The stock is down 30 percent from its high, with the valuation hitting historic lows not seen in over a decade by certain measures. Beyond general market headwinds, investor anxiety is fueled by an ongoing probe into CEO Jensen Huang and export restrictions affecting China. These pressures are weighing heavily on major indexes ahead of upcoming quarterly financial reports, even as prominent investors and analysts weigh the long-term outlook for the hardware maker.

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  • ✓ The wider chip stocks slide nears $5 trillion as Nvidia hits extreme selling levels.
  • ✓ Nvidia stock is down 30 percent from its high.
  • ✓ Nvidia shares plunged 5.5 percent as a CEO scandal overshadowed upcoming earnings.
  • ✓ Jensen Huang stepped down as CEO, and the board is looking for candidates.
🛡️ Source Corroboration: 12 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Nvidia shares plunged toward 52-week lows following the departure of Jensen Huang as CEO and mounting scrutiny surrounding export policies.

Live updates

  1. Nvidia Leads $5 Trillion Chip Slide Amid Executive Exit

    Nvidia shares face heavy selling pressure, plunging the broader chip sector toward a $5 trillion slide. The stock is down 30 percent from its high, with the valuation hitting historic lows not seen in over a decade by certain measures. Beyond general market headwinds, investor anxiety is fueled by an ongoing probe into CEO Jensen Huang and export restrictions affecting China. These pressures are weighing heavily on major indexes ahead of upcoming quarterly financial reports, even as prominent investors and analysts weigh the long-term outlook for the hardware maker.

    Why it matters

    The steep sell-off in semiconductor equities reflects a broader market correction driven by both regulatory hurdles and internal leadership turmoil at market leader Nvidia. With key earnings reports scheduled shortly, market participants are scrutinizing demand cycles and data center performance. The departure of high-profile leadership introduces additional volatility as the broader technology sector navigates tightening export constraints.

    What is confirmed

    • The wider chip stocks slide nears $5 trillion as Nvidia hits extreme selling levels.
    • Nvidia stock is down 30 percent from its high.
    • Nvidia shares plunged 5.5 percent as a CEO scandal overshadowed upcoming earnings.
    • Jensen Huang stepped down as CEO, and the board is looking for candidates.

    Still unconfirmed

    • Michael Burry sees Nvidia becoming a heck of a trade.
    • Jim Cramer says investors need to prepare for a future without Jensen Huang.

    What to watch next

    • Nvidia upcoming earnings report scheduled for November 17
    • Developments regarding the board search for a new CEO
    • Further regulatory updates concerning China exports and the Huang probe
    Sources used for this update (17)
    1. WSJ — Nvidia's Valuation Hits Lowest Level Since 2011, by One Measure
    2. The Motley Fool — Nvidia Is Down 30% From Its High. History Says This Is What Happens Next.
    3. Seeking Alpha — Nvidia: Separating The Jensen Huang Noise From The 3–6 Year Chip Replacement Cycle (NVDA)
    4. Yahoo Finance — Chip stocks' slide nears $5 trillion as Nvidia hits most extreme selling level since 2019
    5. 24/7 Wall St. — What Does Nvidia's Selloff Mean for a 68-Year-Old With $940,000 of a $2.3 Million IRA in the Stock?
    6. Investopedia — Nvidia Sell-Off Deepens. What’s Next for the Stock?
    7. Yahoo Finance — Stock Market Today, Nov. 10: Nvidia Stock Plunges 5.5% as CEO Scandal Overshadows Its Upcoming Earnings Report
    8. Yahoo Finance — Nvidia Stock Just Lost 10% in 1 Day. Should You Buy It Before It Reports Earnings on Nov. 17?
    9. Bloomberg.com — Five Charts Show Why Nvidia Matters — and What’s Now at Stake
    10. Seeking Alpha — NVIDIA falls another 5% amid ongoing concerns about Huang probe and China exports (NVDA:NASDAQ)
    11. Morningstar — What to Watch in Nvidia Earnings: Spy Scandal, Data Center Concerns Take Center Stage
    12. CNBC — Jim Cramer says Nvidia investors need to prepare for a future without Jensen Huang
    confidence 90%
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