Nvidia's stock price plunges again after earnings report, with a market value evaporating by 1.28 trillion yuan

【CNMO Technology News】On February 27th, local time, the world’s most valuable publicly traded company, NVIDIA, continued to weaken for the second consecutive day after releasing its earnings, while the U.S. financial sector experienced heavy selling, leading to a collective decline in the three major U.S. stock indices.

At the close of trading, the S&P 500 index fell 0.43% to 6,878.88 points; the Nasdaq Composite dropped 0.92% to 22,668.21 points; the Dow Jones Industrial Average declined 1.05% to 48,977.92 points. Looking at the overall performance in February, the Nasdaq Composite decreased by 3.38% for the month, and the S&P 500 fell by 0.87%, both marking the largest monthly declines since March 2025; meanwhile, the Dow Jones Industrial Average slightly rose by 0.17%, barely maintaining a ten-day winning streak for the month.

Amid market concerns over massive expenditures, OpenAI announced on Friday that it has completed a $110 billion funding round, with NVIDIA and SoftBank each investing $30 billion, Amazon investing $15 billion, and promising to reinvest an additional $35 billion upon reaching certain milestones (such as an initial public offering). However, this news did not boost NVIDIA’s stock price. By the close, NVIDIA’s stock fell 4.16%, with its market value evaporating another $187.1 billion, approximately 1.28 trillion RMB.

In addition to NVIDIA, the collective plunge of the U.S. financial sector on Friday also drew significant attention. Analysts pointed out that the recent collapse of UK mortgage lender MFS has reignited fears of “private equity credit cockroaches,” while concerns about AI threatening jobs have spread to financial stability. As a result, the KBW Bank Index in the U.S. fell 4.85%, marking its largest single-day decline since April last year. Goldman Sachs’ stock price dropped over 7%.