Nvidia already added the equivalent of General Mills and lost the equivalent of Boeing and it’s only 10:10 a.m.
Nvidia, the epicenter of the AI rally, has also become the focal point of market angst.
And it’s trading with so much volatility that it’s both inspiring and dashing hopes for a market recovery on the same day — heck, even the same morning.
The company was up about 1.3% at its highs in the premarket, an addition of about $37 billion in market cap (equivalent roughly to adding an Electronic Arts, General Mills, or Hershey). It then proceeded to swing deeply into the red, falling as much as 4.6%. That’s tantamount to the destruction of market value you’d see if Deere & Co. or Boeing vanished.
