Nvidia Down ~24% Drags S&P 500, but Rest of Index Has Fully Recovered
Gregory_C_Allen · x · 2026-11-16
Gregory C. Allen notes that Nvidia's decline has hurt the S&P 500 almost entirely through its own stock price: more than two weeks after the Jensen Huang scandal broke, the S&P 500 excluding Nvidia has fully recovered. Data from Decision Tree Research shows Nvidia down roughly 24% since the October 28, 2026 close, while the ex-Nvidia index sits near flat.
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