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Macro US Stocks

Nvidia Falls 7.3% as VIX Jumps 40%, Nasdaq Drops Over 1,000 Points

Nvidia fell 7.3% intraday, its largest drop since April 2025, as a broad selloff hit U.S. stocks. The VIX volatility index jumped 40% to 23.28, the S&P 500 fell 2.4%, the Dow dropped more than 700 points (over 1.3%), and the Nasdaq sank more than 1,000 points (over 3.9%). The Nasdaq 100 lost 1,300 points (over 4.5%) and the semiconductor index fell about 900 points, or 8.7%.

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AI take

The scale of the semiconductor index decline relative to the broader market points to a sector-specific repricing layered on top of a general risk-off move, not a uniform de-risking. The VIX jump to 23.28 signals that volatility itself is now the story, which matters for anyone holding crypto and other risk assets that typically trade in sympathy with tech. Whether Nvidia's drop proves idiosyncratic or the start of a deeper rotation out of AI-linked names is the open question worth watching.

Generated by AI for reference only.

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