# Nvidia plunges to pre-AI boom prices while Apple drops $30B on chips — buy the dip on NVDA

_AI-generated trading idea · LONG · AVGO, NVDA_

> Canonical page: https://commonquant.ai/research/for-you/nvidia-plunges-to-pre-ai-boom-prices-while-apple-drops-30b-o--4b59ee6d-ce53-45fc-99a7-cf504e1df053

Nvidia has lost a massive amount of value recently, making it surprisingly cheap and leading some traders to bet on a rebound. Meanwhile, Apple just committed to a massive $30 billion deal for Broadcom chips, showing that the broader demand for silicon remains incredibly strong despite the recent tech rout.

## Idea

Bloomberg reports Nvidia has shed roughly $1 trillion in value, bringing its valuation down to levels not seen since before the AI boom began. Despite this sell-off, CNBC notes that traders are actively betting on a snap-back rally for the chipmaker. Connecting this to the news that Apple just locked in a $30 billion deal with Broadcom, it's clear that the fundamental demand for high-end silicon is far from broken. If massive chip deals are still happening, the broader AI and tech selloff looks overdone, making Nvidia's new 'cheap' valuation a prime target for a bounce.

## What happened since

- **NVDA** · LONG · T+1 -0.6565%

_Price changes since publication; updated 2026-07-13T03:25:24.263615+00:00._

## Key details

- Symbols: AVGO, NVDA
- Timeframes: D1
- Tags: \#ai, \#chips, \#value, \#earnings

## Community

- Upvotes: 6
- Views: 5
- Copies: 0
- Cosigns: 0

## News sources

- [Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom Levels](https://www.bloomberg.com/news/articles/2026-07-08/nvidia-s-1-trillion-slide-sends-valuation-to-pre-ai-boom-levels) — Bloomberg
- [As chip sector takes it on the chin, traders bet on a big Nvidia rally](https://www.cnbc.com/2026/07/07/as-chip-sector-takes-it-on-the-chin-traders-bet-on-a-big-nvidia-rally-.html) — CNBC
- [Apple announces chip deal with Broadcom worth more than $30 billion](https://finance.yahoo.com/technology/article/apple-announces-chip-deal-with-broadcom-worth-more-than-30-billion-100000097.html) — Yahoo Finance

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