Nvidia Loses $1 Trillion in Value as Burry Shorts and China Opens H200 Sales
NVDA•Nvidia has lost roughly $1 trillion in market value over the past week as shares tumbled nearly 10% from record highs, prompting volatility in one of Wall Street’s top performers. Legendary investor Michael Burry has reopened a significant short position while China prepares to allow domestic AI firms to purchase Nvidia H200 accelerators under eased export rules.
1. Market Cap Rout
Nvidia shares declined nearly 10% from record highs over the past week, erasing about $1 trillion in market capitalization as investors rotated out of high-flying tech names and profit-taking accelerated ahead of broader market uncertainty.
2. Michael Burry’s Short Reopening
Scion Asset Management, led by Michael Burry, increased its bearish exposure on Nvidia this month by adding fresh put-option contracts, signaling a renewed wager against further upside in the chipmaker’s stock.
3. China Eases H200 Export Controls
China’s Ministry of Commerce will allow domestic AI developers to import Nvidia H200 GPU accelerators without case-by-case licensing, potentially unlocking tens of millions in quarterly sales for Nvidia in the world’s second-largest cloud market.
