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StocksHigh Impact•7 June 2026•

1 min read

Nvidia Erases $279B in Record Sell-off as Leveraged ETFs Plummet

Key Facts

1Nvidia stock recorded a record single-day market value loss of $279 billion.

2The GraniteShares 2x Long NVDA Daily ETF (NVDL) collapsed 12% due to the underlying stock decline.

Nvidia experienced a massive sell-off that wiped out a record $279 billion in market capitalization in a single trading session. According to reports, this sharp decline in the underlying stock caused the GraniteShares 2x Long NVDA Daily ETF (NVDL) to collapse by 12%, exposing the compounding risks of leveraged instruments during high volatility. The move reflects a broader sector sell-off that triggered significant liquidations in popular retail investment products.

This downturn comes as the semiconductor sector faces collective selling pressure, with peer stocks declining notably; AMD closed at $205.10 and TSM at $415.17 per market data (close June 5, 2026). Compared to previous quarters that showed robust growth, investor concerns regarding the sustainability of AI-driven valuations have intensified, dragging INTC down to a close of $99.17 during the same period.

Traders should watch key technical levels for NVDA, which stood at $205.1 at close on June 5, 2026, after hitting a session low of $204.33. Looking ahead, the upcoming US ISM Manufacturing PMI data will be a critical catalyst for market sentiment. Additionally, markets are awaiting commentary from Federal Reserve officials, such as the scheduled speech by Fed's Kashkari, to gauge the impact of monetary policy on high-growth tech equities.