Nvidia's stock dropped 4% on April 30, 2026 to close around $200, but its market cap remained near $5 trillion rather than falling decisively below it. Major financial sources describe April 30 as Nvidia returning to the $5 trillion milestone, not exiting it. The post's timing framing (suggesting a dramatic fall "just days" after the April 27 record) captures real intraday volatility but overstates the magnitude and permanence of any below-$5T movement.