› "Nvidia loses 31% over the Huang scandal" is roughly how many headlines summed up this week.
› I went through the closing prices session by session and compared them with the semiconductor index.
› The picture is different: about three quarters of the drop from the October record happened before Jensen Huang wrote to his employees, and during that period Nvidia actually held up better than the rest of the chip sector.
› A clear scandal effect shows up only in the last two sessions.