Nvidia Sheds $300B While Nasdaq 100 Jumps 3.2%
Nvidia cratered 6.5% and torched $300 billion in market value — and the Nasdaq 100 still climbed 3.2%. The Kobeissi Letter calls the split-screen session proof that investors will buy the AI dip with or without the trade's biggest name.
- Original source: X account @KobeissiLetter.
- The source published it on Nov 9, 2026 at 5:13 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
Nvidia dropped 6.5% in a single session, wiping out $300 billion in market capitalization. The Nasdaq 100 rose 3.2% on the very same day, a combination the Kobeissi Letter says looked impossible before today.
The scale of the divergence is hard to overstate: Nvidia alone makes up nearly 8% of the S&P 500 and has been the leader of both the AI trade and the broader rally. Investors kept buying anyway, piling into US tech stocks even as the index's heavyweight fell.
According to the Kobeissi Letter, the last five days of price action show how eager buyers are to snap up the dip — and how willing they are to do it while leaving the AI Revolution's biggest winner behind.
The outlet points to a broadening market: the AI trade and the rally itself are stretching beyond a single stock. It credits record levels of innovation as the force markets are reacting to, calling this the most resilient market in history.
TopicsNvidia · NVDA · Nasdaq 100 · S&P 500 · Kobeissi Letter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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