TREE NEWS reports: Nvidia fell 13.96% at the US market open, dropping below a $4 trillion market capitalization, while the Nasdaq 100 slid 1.3% and the semiconductor index lost 3.3%. CoreWeave dropped 15.4%, Nebius 22%, and Micron, TSMC, Oracle, Intel and Western Digital fell as much as 10.4%. Apple, AMD, Amazon and Broadcom rose up to 3.4%, SpaceX gained 4.19%, and Alibaba fell 5.7%.
Nvidia Plunges 14% at US Open, Market Cap Falls Below $4 Trillion
AI take
The selloff is concentrated in the AI-infrastructure complex rather than the broad market: Nvidia's slide is echoed far more violently in CoreWeave and Nebius, while Apple, Amazon and Broadcom trade higher, pointing to a rotation within tech rather than a blanket risk-off move. That divergence suggests investors are repricing the compute-and-datacenter buildout trade specifically, which hits those most levered to Nvidia's ecosystem hardest. Whether the weakness stays confined to semis and neoclouds, or bleeds into the megacaps that have so far held up, is the open question.
Generated by AI for reference only.
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