Nvidia’s stock faced an unprecedented drop on Tuesday, wiping off $279 billion in market value, the largest one-day loss in U.S. history. The loss is worth more than all of the shares of many major U.S. businesses, including McDonald’s and Chevron, per CNN.
Nvidia’s shares tumbled over 9% in regular U.S. trading and continued the descent post-market by an additional 2%, after a report of a subpoena from the Department of Justice relating to an antitrust investigation, per Bloomberg.
Related: Why Are Nvidia Earnings So Important? They Could Be a ‘Market Mover,’ Says Expert
Jensen Huang, the CEO and Nvidia’s top individual shareholder, also took a personal hit with a $10 billion
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