NVIDIA’s one-day loss of $465 billion exceeds the combined market caps of XRP, Tether, and Solana
NVIDIA shares were down 13% as the trading session began on January 26, with nearly $465 billion wiped off market value.
This represents the largest single-day market cap decline in history, according to Data From Bloomberg.
To illustrate the scale of this loss, NVIDIA’s market cap reduction exceeds the $375 billion valuation of Ethereum, the world’s second largest cryptocurrency.
This one-day loss beats the combined market caps of leading digital assets, including XRP ($173 billion), Tether’s USDT ($139.3 billion), and Solana ($114.3 billion). Together, these assets have a cumulative market capitalization of $426.6 billion — less than the $40 billion loss from NVIDIA.
The slump has been linked to the emergence of Chinese AI company Deepseek, which recently unveiled an open source AI model. Market watchers suggest that this model seriously challenges players like Openai and Meta.
Meanwhile, reports suggest that Deepseek may use up to 50,000 Nvidia H100 chips to support its operations, breeding… Questions On why Nvidia stock is crashing.
As of press time, the Deepseek platform restricts access, allowing registrations only from users with mainland China phone numbers.
In addition, Kobesi’s letter I mentioned The company is facing degraded services due to what it describes as a “large-scale malicious attack.”
