Nvidia faces $470 billion two-day wipeout, $1.7 trillion in market cap erased amid honeypot scandal
The company has lost a total of $1.8 trillion, or 32% of its share price across the 24-trading-day sell-off, which predated the fallout of the Huang affair
Assessment
Nvidia is in the middle of a historic market collapse, losing nearly a third of its value in less than a month. The $470 billion two day drop and $1.7 trillion total erased signal a crisis of confidence far beyond a typical correction. The sell off began before the Huang affair, meaning the scandal accelerated an existing decline rather than caused it from scratch. Watch whether the company can stabilize its share price or if institutional investors continue to flee.