Nvidia Corporation (NASDAQ: NVDA) shares rose 2.29% to close at $206.69 on Tuesday, ending a four-session losing streak as semiconductor stocks rebounded from a selloff driven by concerns about the profitability of heavy investments in artificial intelligence infrastructure.
The recovery extended across the chip industry. Advanced Micro Devices (NASDAQ: AMD) rose 3.65%, while the Philadelphia Semiconductor Index advanced 2.63%. Micron Technology (NASDAQ: MU) and Intel Corporation (NASDAQ: INTC) also closed higher.
The gains followed a broader technology selloff that pushed the Nasdaq-100 into correction territory on Monday, when the index closed more than 10% below its record high.
By Monday’s close, semiconductor and memory stocks had collectively lost approximately $3.7 trillion in market value since October 6, according to Yahoo Finance.
Nvidia recorded the largest decline in market value among the companies tracked. Following Tuesday’s rebound, Nvidia’s market capitalization remained approximately $786 billion below its October 6 level, based on YCharts figures and Tuesday’s $206.69 closing price.
Nvidia Recovers About 29% of Its Recent Losses
Nvidia shares fell 7.29% over the four sessions ending November 2, dropping from an October 27 closing price of $217.94 to $202.06.
Tuesday’s $4.63-per-share recovery reversed approximately 29.2% of that decline. The stock remained 5.2% below its October 27 closing level.
Nvidia Reclaims Market-Value Lead From Apple
Nvidia also overtook Apple Inc. (NASDAQ: AAPL) to regain its status as the world’s most valuable publicly traded company, with Nvidia shares advancing while Apple declined.
By Tuesday’s close, Nvidia’s market capitalization stood at approximately $4.98 trillion, compared with Apple’s roughly $4.8 trillion.
Apple shares fell after the iPhone maker forecast a December-quarter gross margin of 45% to 46%, down from the 47.9% reported for the September quarter. The September figure included a favorable impact of approximately one percentage point from tariff refunds. Apple cited rising memory-chip costs as a major factor behind the expected decline, despite reporting quarterly revenue and earnings above analysts’ estimates.
