Nvidia stock wipes $447 billion in a day as Nasdaq-100 suffers worst drop since 2020

Amidst the stock market bloodbath of Thursday, November 5, Nvidia (NASDAQ: NVDA ) suffered the worst drop in market capitalization in dollar terms, wiping slightly more than $447 billion during the session. Indeed, NVDA shares opened at $195.92 following a moderate pre-market decline and then plummeted 9.26% to $181.60 during regular trading hours, meaning the blue-chip chipmaker’s valuation crashed from $4.83 trillion to $4.38 trillion. Meanwhile, most of the U.S. stock market also saw a deep plunge, with the tech-heavy Nasdaq-100 index falling 6.36% during the Thursday session – its worst day since March 2020. Other benchmark indices such as the Dow Jones Industrial Average (DJIA) and the S&P 500 suffered comparable losses, with the former dropping 3.44% and the latter 4.36%.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Finbold.