NVIDIA (NASDAQ: NVDA) closed at $168.78 on Tuesday, November 10, down about 5.5% on the session after a 4.3% decline the day before. Across the two trading days, the stock has lost roughly 9.6% of its value, erasing an estimated $400 billion in market capitalization — the combined value of a company's outstanding shares.

The selling followed reports of a probe concerning ties involving founder and chief executive Jensen Huang, according to the original report. The available reporting does not specify which authority is conducting the review or what it covers.

Company Background

NVIDIA was co-founded by Jensen Huang in 1993 and is headquartered in Santa Clara, California. Huang has served as the company's chief executive since its founding. The company designs graphics processing units (GPUs), networking products, and related software, and its chips have become core hardware for artificial intelligence data centers operated by major cloud and technology providers.

NVIDIA's shares trade on the Nasdaq exchange under the ticker NVDA and are a component of major U.S. benchmarks, including the S&P 500 and the Nasdaq-100 index. The company ranks among the largest publicly listed firms in the United States by market capitalization, which is why percentage-point swings in its stock translate into tens or hundreds of billions of dollars in total value. Because those benchmark indexes weight their constituents by market value, a decline of this size in a single component is also reflected in the overall performance of the indexes themselves.

This report was first published by COINOTAG: https://en.coinotag.com/nvidia-nvda-400-billion-two-day-selloff