Nvidia's market cap briefly dipped below $4 trillion on Tuesday, when its shares traded at about $165.94, down about 7%.
Nvidia's market cap exceeded $4 trillion as of July 9, 2025.
This week, the chipmaker is facing pressure from rising bond yields, faster-than-expected inflation and an independent board investigation into reports that CEO Jensen Huang was the target of foreign intelligence efforts.
That investigation came after Huang admitted to the matter over the weekend.
Investors are now worried about the potential implications for Wang's leadership and Nvidia's reputation, and shareholders and lawmakers are seeking to know more about the company's relationship with Wang, who allegedly bought Nvidia chips subject to restrictions and has faced criticism for possible attempts to circumvent U.S. export controls. ◾ Patrick Morehead, CEO of More Insights and Strategies, says "For 35 years, I have never seen a CEO of a chip have such a direct influence on export policy. ".