Nvidia Loses $420 Billion In Market Capitalization Since DeepSeeok Launch, Valuation Hits A 29-Month Low As GTC Fails To Ignite Stock – Apple (NASDAQ:AAPL), General Motors (NYSE:GM)

A slew of bulletins on the GTC AI Conference in San Jose, California did not ignite the shares of Nvidia Corp. NVDA on Tuesday because it slipped over 3% in commerce. The chipmaker led by Jensen Huang has wiped $420 billion in investor wealth since DeepSeeok was launched on Jan. 10, 2025

What Happened: In a two-hour deal with at GTC, Huang detailed Nvidia’s upcoming two-year plans, together with developments on their Blackwell and Rubin chips.

Huang additionally highlighted developments in AI for robotics and telecommunications and revealed a brand new collaboration with General Motors Co. GM for AI manufacturing coaching.

However, these bulletins didn’t assist the inventory because it fell by 3.43%, underperforming the Nasdaq 100 index which plunged 1.66%. The exchange-traded fund monitoring the index, Invesco QQQ Trust, Series 1 QQQ additionally declined 1.70% on Tuesday.

According to the info from Benzinga Pro, Nvidia has declined 14.04% on a year-to-date foundation, decreasing investor wealth by $380 billion since Dec. 31, 2024, when its market capitalization stood at $3,297 billion as in comparison with the present $2,917 billion.

Similarly, in comparison with the m-cap from the weekend when DeepSeeok grew to become the highest software on Apple Inc.’s AAPL App Store, the metric has fallen $585 billion from Jan. 24.

The trailing price-to-earnings ratio for the corporate stood at 40.66x, which was the bottom in over two years or 29 months since Oct. 20, 2022.

Why It Matters: The Nasdaq has been buying and selling within the correction zone since March 6 and the Magnificent 7 shares have underperformed the market in 2025.

According to John Murillo, the chief dealing officer at B2BROKER, the know-how rout is fueled by multiple reasons together with the “interest rate sensitivity,” “unraveling trade tensions,” and the excessive focus of those shares within the benchmark indices amid the correction.

Meanwhile, China’s low-cost AI chips and open-source LLMs might deflate the ‘AI bubble,’ stated Edward Yardeni, which is able to result in decrease AI spending and profitability for Magnificent 7 shares.

Technical Analysis: Nvidia’s technical evaluation paints a grim image for the inventory. The inventory value at $115.43 apiece was in a bullish downtrend because it was decrease than quick and long-term shifting averages.

While its, relative power index was within the impartial zone at 44.03, the opposite momentum indicator, MACD was at -4.04 signaling a bearish development with the potential of a weak downward momentum, on condition that the blue line was above the purple line.

Price Action: Despite the latest fall Nvidia shares have risen 29.12% over a 12 months. Benzinga’s Edge Rankings present a poor value development and worth rating for the inventory. The inventory’s momentum, elementary development, and high quality rankings proceed to be sturdy amid different pressures.

Its consensus value goal was $175.95, with a ‘purchase’ ranking, primarily based on the 41 analysts tracked by Benzinga. The value targets ranged from a low of $120 to a excessive of $220. The three newest rankings from Mizuho, DA Davidson, and Cantor Fitzgerald averaged $167.67, implying a 46.08% upside.