NVDA Analysis

Nvidia's stock price broke down and plunged to a near-seven-month low, with the market eyeing more than 10% of further downside ahead.

TradingKey - In the Asian session on November 6, the three major U.S. stock indices tumbled across the board overnight, with selling intensifying across the AI data center supply chain and largely erasing the previous session's rebound. As market concerns mounted over AI infrastructure financing cos

On November 5, Eastern Time, the three major U.S. stock indices tumbled, with semiconductor and AI infrastructure stocks continuing to face pressure. The Philadelphia Semiconductor Index fell over 9%, hitting its lowest level since mid-April this year. AI infrastructure faces the potential threat of a slowdown in data center construction. A decisive Democratic victory in the midterm elections sparked investor concerns over tightening regulation in the data center sector. If potential construction pauses materialize, they could delay the deployment of computing capacity and the delivery of upstream equipment, prompting a reassessment of the timeline for future revenue realization.

TradingKey - As of the close on November 4, Eastern Time, Nvidia (NVDA) shares weakened again, falling 3.17% to close at $200.13 after hitting an intraday low of $199.68, marking seven consecutive trading days of losses and setting a nearly three-month low. Since reaching an all-time high of $243.37 on October 6, Nvidia has experienced a cumulative pullback of over 16% and has recently broken below multiple major moving averages, with its short-term downward trend continuing.

TradingKey - On November 4, the three major US stock indexes surged across the board following the outcome of the US midterm elections. As the Democratic Party won both houses of Congress, market concerns over political uncertainty and oil price-driven inflation eased. However, performance among AI

TradingKey - On November 3, the three major U.S. stock indices closed mixed. A rebound in semiconductor and mega-cap tech stocks helped the Nasdaq snap a three-day losing streak, while Apple fell under the weight of its margin guidance, dragging the Dow slightly lower. In after-hours trading, AMD (A

TradingKey - On November 2, Eastern Time, Marvell Technology (MRVL) announced an all-stock acquisition of optical communications components manufacturer Lumentum Holdings (LITE), in a transaction with an enterprise value of approximately $115 billion.

In October 2026, a pullback in mega-cap tech stocks reshaped the global market capitalization rankings. Apple (AAPL) rose to the top spot with a market cap of $5.03 trillion, Nvidia (NVDA) slipped to second place at $4.93 trillion, and Microsoft (MSFT) surpassed Google's parent company Alphabet (GOOGL) to take third.

TradingKey - On October 28, Eastern Time, Reuters cited people familiar with the matter as saying that Marvell Technology (MRVL) is in advanced acquisition talks with optical communications equipment maker Lumentum Holdings (LITE). A deal could be announced as early as next week, though a final agreement has not yet been reached.

TradingKey - On October 27, Eastern Time, Meta Platforms (META) announced an expansion of its artificial intelligence partnership with Nvidia (NVDA). Nvidia will invest $3 billion to participate in Meta's equity offering.