Nvidia stock is COLLAPSING: Nvidia has erased -$1.5 TRILLION, or -25%, in market value since its October 6th peak. The stock is now down -10% over the last 12 months, despite the S&P 500 up +10% over the same period. As a result, Apple has overtaken Nvidia as the world's most valuable company. This comes as investors are questioning whether massive AI infrastructure investments will generate satisfactory returns, as rising data-center costs pressure free cash flow and Big Tech earnings fail to reassure the market. On Monday alone, Nvidia fell -4.2%, even as the S&P 500 rallied +2.4%, following news of a board investigation involving CEO Jensen Huang. Nvidia's unwind is truly historic.
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