Nvidia $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks

Global semiconductor and associated stocks fell connected Wednesday, pursuing a steep plunge successful Nvidia's stock terms successful the U.S. overnight.

In the U.S., chipmaker Nvidia plunged much than 9% successful regular trading, starring semiconductor stocks little amid a sell-off connected Wall Street. Economic information published Tuesday resurfaced jitters astir the wellness of the U.S. economy. Nvidia shares continued sliding successful post-market trading Tuesday, falling 1.5%, after Bloomberg reported that the institution received a subpoena from the Department of Justice arsenic portion of an antitrust investigation.

Around $279 cardinal of worth was wiped disconnected of Nvidia connected Tuesday, successful the biggest one-day marketplace capitalization driblet for a U.S. banal successful history. The erstwhile grounds was held by Facebook-parent Meta, which suffered a $232 cardinal autumn successful worth successful a time successful February 2022.

Nvidia's worth concatenation extends to South Korea, namely, representation spot shaper SK Hynix and conglomerate Samsung Electronics.

Samsung shares closed 3.45% lower, portion SK Hynix, which provides precocious bandwidth representation chips to Nvidia, slid 8%.

Tokyo Electron dropped 8.5%, portion semiconductor investigating instrumentality supplier Advantest shed astir 8%.

Japanese concern holding company SoftBank Group, which owns a involvement successful spot designer Arm, fell 7.7%.

Contract spot shaper Taiwan Semiconductor Manufacturing Company declined much than 5%. TSMC manufactures Nvidia's high-performance graphics processing units which powerfulness ample connection models — instrumentality learning programs that tin admit and make text.

Taiwan's Hon Hai Precision Industry — known internationally arsenic Foxconn — mislaid astir 3%. It has a strategical concern with Nvidia.

The selling successful Asia filtered done to European semiconductor stocks. Shares of ASML, which makes captious instrumentality to manufacture precocious chips, fell 5% successful aboriginal trade. Other European names specified arsenic ASMI, Be Semiconductor and Infineon, were each lower.

—CNBC's Lim Hui Jie contributed to this report.