Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom…

Nvidia Corp. has seen a significant decline in market value, losing approximately $1 trillion in less than two months, marking its lowest stock price since the onset of the AI boom. Despite this drop, Nvidia's GPUs continue to lead the artificial intelligence data center market. The company's stock, which peaked on May 14, has fallen by 16%, as investors are shifting their focus away from Nvidia towards rival semiconductor manufacturers, especially in the memory sector.

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Nvidia’s GPUs dominate the artificial intelligence data center market.Photographer: An Rong Xu/Bloomberg

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By Jeran Wittenstein and Rainier Harris

July 8, 2026 at 8:43 AM UTC

Updated on July 8, 2026 at 1:44 PM UTC

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After losing roughly $1 trillion in market value in less than two months, Nvidia Corp.’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere.

The chipmaker’s graphics processing units, or GPUs, still dominate the artificial intelligence data center market. But the stock has tumbled 16% since hitting an all-time high on May 14, as investors rejigger the AI trade by ditching Nvidia in favor of competing semiconductor manufacturers, particularly those in the memory market.

Read Original at Bloomberg.com →

Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom Levels