Nvidia slides more than 6% as board probe rattles investors

If you own a cap-weighted index fund, NVIDIA alone erased $1.27 trillion of the Russell 1000's decline, so the average stock being green over the past month did nothing for you.

R1K stocks are up an average of 0.76% over the last month, yet the index has shed about $4.8 trillion in market cap. NVIDIA $NVDA has seen its market cap fall the most at -$1.27 trillion, while another 13 have fallen more than $100 billion. Here's the 20 biggest drops: https://t.co/ujScNdaJBE

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CoreWeave's multi-year Wayve contract pushes its Blackwell capacity beyond the big lab customers and into autonomous driving, widening the backlog base investors have been questioning.

$CRWV SIGNS MULTI-YEAR DEAL WITH WAYVE CoreWeave will provide Nvidia $NVDA Blackwell-powered cloud infrastructure to train, evaluate and simulate Wayve's end-to-end AI Driver foundation models for autonomous vehicles. Wayve's AI Driver learns from real-world driving data https://t.co/XoEDdvapbc

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A former SEC chair publicly framing this as a board decision moves the story from tabloid to succession risk at the most valuable chipmaker on the market.

JUST IN: Former SEC Chair Gary Gensler warns Nvidia's board faces “tough choices” amid investigation into CEO Jensen Huang's affair with a suspected Chinese intelligence operative.

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Two new TPUs aimed at Nvidia accelerators put another hyperscaler on the in-house silicon path, right as Amazon pushes its own chips. Alphabet gets the upside, Nvidia gets a second giant customer designing around it.

JUST IN: Google launches 2 new TPU chips to serve as Nvidia alternatives

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Beijing's denial puts a second government on the record in a story that already knocked 5% off Nvidia and triggered an independent board probe into its CEO, with earnings approaching.

BREAKING: China denies allegations that Nvidia CEO Jensen Huang had affair with Chinese spy, calling the claims “pure fabrication out of thin air.”

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If last week's drop was forced hedge fund selling, the bounce window closes fast, and Nvidia's earnings is the catalyst traders are positioning into.

Noel Smith is expecting a market bounce too because the panic this past week was a hedge fund deleveraging event. He also points out the anticipation for Nvidia's earnings should drive markets upward. This aligns with the August 2024 scenario in my chart below, with a short https://t.co/zOS8Zu4Ymp https://t.co/TgFE62K15L [Quoted @FinanceLancelot]: Since the 2018 and 2020 patterns no longer match the current selloff, I started looking back at other scenarios. It's amazing how similar our current situation looks to August 2024. Not only that, but the narrative surrounding the August 2024 selloff is very similar. "A global https://t.co/DYwN7Py7u7 https://t.co/lNveMaQ2Yf

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Nvidia's 11,159% decade still edges out Bitcoin, with Apple's 1,269% far behind. Owning the index rather than the leaders cost investors that gap.

RT @charliebilello: Last 10 Years... NVIDIA $NVDA: +11,159% Bitcoin $BTC: +10,587% $AMD: +6,745% Tesla $TSLA: +2,720% Apple $AAPL: +1,269%…

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Blackwell Ultra racks still have an air-cooled option, but Kindig argues power limits make liquid cooling the only way to hit target density, pushing the spending beyond chipmakers and into the cooling supply chain.

Although air-cooled options still exist for the latest GPUs such as $NVDA Blackwell Ultra, liquid cooling is a necessity to maximize data center density and rack deployments within fixed power envelopes. As a result, liquid cooling adoption is forecast to accelerate sharply in https://t.co/qbBkjr4ubN