Chip stocks' slide nears $5 trillion as Nvidia hits most extreme selling level since 2019

A broad semiconductor selloff has erased close to $5 trillion in market value across the sector, led by Nvidia's sharpest single-day decline since 2019. The slide comes just one week before Nvidia is scheduled to report quarterly earnings on November 17, a date that has become a focal point for investors weighing whether the pullback represents a buying opportunity or a deeper shift in AI-driven demand.

Reuters frames the move as deepening "AI jitters," while MarketWatch notes the broader equity rally has so far absorbed the chip rout without derailing. The Motley Fool and Investopedia both center their coverage on the earnings catalyst, asking whether the selloff creates an entry point ahead of the November 17 report. Barron's places Nvidia alongside Anthropic's giant IPO and CoreWeave as key market-moving narratives, and The New York Times links Anthropic's public offering to a tighter operational tie with Nvidia's hardware roadmap.

Coverage does not specify what triggered the acceleration on November 10, nor does it quantify how much of the $5 trillion decline is attributable to Nvidia versus other semiconductor names. No guidance has been cited from the company ahead of earnings, and the extent of institutional versus retail selling remains unreported.

The November 17 earnings release is the next concrete milestone. Analysts will parse revenue guidance, data-center demand signals, and any commentary on Blackwell ramp timing. Anthropic's IPO trajectory and its compute commitments to Nvidia could also surface as a demand indicator in the weeks ahead.