Nvidia stock dropped 17% on Monday, Jan. 27 in an unprecedented bloodbath in the AI sector. In fact, it was the worst single-day dollar-value loss for a single stock in history, as Nvidia gave up roughly $600 billion in market cap.

Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"

Nvidia Corp.’s stock fell Monday as investors weighed the potential for tariffs to impact chip companies and continued to assess the fallout from DeepSeek. Shares of Nvidia NVDA slid 2.8% to rank among the worst performers in the PHLX Semiconductor Index SOX.