NVIDIA Falls 6.3% to Fresh Low, Market Cap Plunges to $4.15 Trillion

COINOTAG News reports that NVIDIA’s stock decline deepened, with shares sliding 6.3% to a fresh low not seen since September 17. The retreat trimmed the company’s market capitalization to about $4.15 trillion, roughly $1 trillion below its prior apex. For the crypto sector, this move underscores how the AI compute cycle and GPU demand for crypto mining influence broader asset dynamics.

Earlier, on October 29, the stock touched a high of $212 per share, lifting the implied market value to roughly $5.15 trillion at that moment. The reversal highlights the volatility surrounding AI-related equities and the sensitivity of cryptocurrency mining GPUs to capex cycles and supply constraints.

Crypto investors should monitor GPU supply chains and the correlation with crypto asset volatility, adjusting risk controls and exposure accordingly. While NVIDIA’s performance matters, prudent allocation to firms with clear fundamentals remains essential in a crypto market environment characterized by rapid tech-driven shifts.