This week, NVIDIA's stock price took a nosedive, plummeting 16% across four straight trading days. This dramatic drop slashed the company's market value by a staggering $800 billion. By Friday's close, with the stock price settling at $188.15, NVIDIA had suffered a weekly decline of nearly 7%. This marks its most significant single - week slump in well over a year. At the start of the week, NVIDIA's market value hovered close to $5 trillion, but by the end, it had tumbled to around $4.58 trillion.

Several factors contributed to this downturn. Rising export controls played a role, as they restricted NVIDIA's ability to conduct business in certain markets. There were also growing concerns about a valuation bubble in the company's stock, with investors questioning whether the price had soared too high. Moreover, the overall feverish atmosphere in the AI sector, where excitement and speculation were running rampant, also spread negative sentiment and added to the selling pressure on NVIDIA's stock.