Nvidia (NVDA) loses $500 billion in market cap in a week

Core Insights - Nvidia has experienced a significant decline in market capitalization, dropping from $4.94 trillion to $4.45 trillion, erasing nearly $500 billion in value within a week [1][3] - The company's stock price has decreased by nearly 13% over five days, currently trading at $181.19 [1] - Investor sentiment has been negatively impacted by weaker labor data and valuation concerns in the AI sector, affecting other companies like Palantir, which lost $42 billion in market cap [3] Company-Specific Developments - Nvidia's CEO, Jensen Huang, announced that there are "no active discussions" regarding the sale of Blackwell chips in China, indicating a pause in operations in that market [3] - Huang expressed that the decision to resume shipments to China is contingent upon changes in Chinese policy [3] Market Reactions - The decline in Nvidia's stock has also affected other chip manufacturers, with AMD down nearly 5% and Broadcom declining by 3.5% [4]