Nvidia Edges Higher Leading Chip Rebound After $1.3 Trillion Rout

Nvidia rose 0.16% on June 11 as semiconductor stocks led a broad market rebound, with the S&P 500 gaining 1.75%. The move follows a sharp sell-off triggered by Broadcom’s soft AI guidance on June 5 and hotter-than-expected May jobs data that erased $1.3 trillion in chip value. Sentiment briefly recovered after CEO Jensen Huang called the drop a buying opportunity and Nvidia announced a multiyear AI memory deal with SK Hynix. Renewed pressure returned on June 10, sending Nvidia near $202, before dip-buying resumed. Fundamentals remain robust, with Nvidia reporting 85% revenue growth and guiding for ~95% growth next quarter.