Nvidia wiped $1 trillion from its market cap since Trump took office

Core Insights - Nvidia's market capitalization surged from $1.223 trillion at the end of 2023 to $3.355 trillion by the end of 2024, largely driven by a strong stock market following Donald Trump's election as President-Elect [1] - In early 2025, Nvidia's market cap peaked at $3.448 trillion on January 22 but subsequently experienced a significant decline, dropping nearly $1 trillion in value [2] - As of April 21, 2025, Nvidia's valuation had fallen to $2.474 trillion, marking a steep decline from its January peak [3] Market Performance - Nvidia's stock saw a rapid increase in market capitalization from $3.271 trillion on January 17 to $3.448 trillion on January 22, coinciding with Trump's inauguration [2] - The stock began a long decline after reaching its peak valuation, reflecting broader market volatility and specific challenges faced by the company [3] Factors Contributing to Decline - Systemic risks, particularly related to Trump's escalating trade war, have been identified as key drivers of Nvidia's stock decline [6] - Concerns over Nvidia's business in China arose due to potential bans on advanced chips, which were exacerbated by a U.S. ban on selling advanced hardware to China [7] - The introduction of Huawei's advanced AI chip for the domestic market has raised questions about Nvidia's global dominance in the semiconductor industry [8] Current Stock Status - As of the latest update, Nvidia's shares have fallen to $98.27, reflecting a 3.17% decline in pre-market trading on April 21 [10]