On Wednesday, the stock market experienced another significant decline, with all key indexes closing lower due to pessimistic remarks made by Federal Reserve Chair Jerome Powell regarding the U.S. economy. He warned that current tariff policies might increase inflation and hinder progress toward economic objectives.
The technology-focused Nasdaq experienced the steepest decline, falling by 3.07 percent. The S&P 500 decreased by 2.24 percent, with the Dow Jones dropping 1.73 percent.
In order to compile the list of stocks that dropped on Wednesday, we solely looked at those having a market cap of $2 billion and a daily trading volume of $5 million.
A detailed view of a vibrant top-of-the-line graphics card being inserted into a gaming PC.
NVIDIA Corporation (NASDAQ:NVDA)
The semiconductor company NVIDIA Corporation (NASDAQ: NVDA) fell by 6.87 percent on Wednesday, closing at $104.49 per share. This decline occurred as investors unloaded their stakes following reports that NVIDIA faces a $5.5 billion hit due to new U.S. restrictions on exporting AI chips to China.
NVIDIA Corporation (NASDAQ:NVDA) dropped over 10 percent during intraday trading but eventually saw purchasing positions lift the company’s stock price to finish marginally above the opening level.
In a regulatory document, NVIDIA Corporation (NASDAQ: NVDA) stated that they were informed by the U.S. authorities on April 9th that they must obtain a license for exporting H10 graphics processing units to China, Hong Kong, Macau, as well as certain unspecified jurisdictions.
The USG stated that the licensing rule aims to mitigate the risk of the specified items being utilized in or redirected towards a supercomputer in China. On April 14, 2025, the USG notified the firm that this licensing mandate would remain applicable indefinitely moving forward," as reported by NVIDIA Corporation (NASDAQ:NVDA).
"The company's first quarter for fiscal year 2026 concludes on April 27, 2025. The initial quarterly outcomes are anticipated to encompass roughly $5.5 billion in expenses linked to H2O products, covering inventory, purchase obligations, and connected provisions," the statement highlighted.
Overall NVDA ranks 9th On our list of declining stocks from Wednesday, we recognize NVDA’s investment potential. However, we firmly believe that AI stocks offer better prospects for substantial gains over a shorter period. An AI stock has seen growth since the start of 2025, whereas well-known AI stocks have dropped approximately 25% during the same timeframe. Should you seek an AI stock with stronger upside potential compared to NVDA yet trading below five times its earnings, consider reviewing our detailed report on this matter. cheapest AI stock .
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