China Spy Row Erases $1.6 Trillion From Nvidia's Value, About One-Third Of India's GDP

Nvidia has lost $1.6 trillion in market value since hitting its October record. The amount is equivalent to roughly one-third of India's annual gross domestic product (GDP), which stands around $4.06 trillion.Significantly, the company's market capitalisation has fallen to $4.31 trillion as of the November 9 close, from approximately $5.88 trillion when its shares touched their 52-week high.

The $1.57 trillion erosion is now larger than Tesla's entire market value of around $1.49 trillion.In technical terms, Nvidia shares have entered bear-market territory, falling more than 26 per cent from their 52-week high of $243.37. The stock closed at $178.67 on November 9, down 14 per cent over the past week and 22 per cent over the past month.Nvidia's Market Cap Loss Is Bigger Than TeslaTesla, one of the world's largest companies, is worth approximately $1.49 trillion.