Nvidia’s market capitalization dropped below $5 trillion in early June 2026, settling at approximately $4.967 trillion after a brutal session on June 5 that saw the stock plunge more than 6%. That single day erased over $320 billion in value.
The slip marks the first time Nvidia has traded below the $5 trillion threshold since May 6. It’s a notable retreat for a company that made history in late 2025 by becoming the first publicly traded firm to ever cross that line.
What actually happened
The pullback appears tied to a broader semiconductor selloff and a shift in market sentiment around AI spending. Sector rotation seems to be the primary culprit, with investors reassessing how much money is pouring into AI infrastructure.
Nvidia’s stock had previously closed above $5 trillion as recently as April 2026. Even after the drop, Nvidia retains its crown as the world’s most valuable company by market capitalization.
