S&P 500 Recovered $1 Trillion in 90 Minutes Despite Wider Market Crash

The S&P 500 looked headed for a bruising Thursday after Nvidia lost as much as $600 billion in market value. Then Wall Street reversed course. The index fell nearly 1% at the opening bell as Nvidia shares plunged up to 14% following founder Jensen Huang’s abrupt resignation. Within about 90 minutes, the S&P 500 had recovered its losses. Why Didn’t Nvidia Drag Down the Whole Market? Nvidia’s sell-off was severe, but it eased as trading progressed. Buyers also moved into its competitors: AMD rose roughly 7%, while Broadcom gained more than 5%. Gains elsewhere helped offset Nvidia’s losses, suggesting investors were still willing to bet on demand for AI chips, even as they questioned Nvidia’s leadership.

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