Nvidia stock closed at $173.73 on November 11, 2026, then fell about 8% after hours to roughly $159 as reports said the board was weighing CEO Jensen Huang’s future. The shares are down more than 25% from the record close near $243 on October 6, a loss of more than $1.5 trillion in market value.
Nvidia Stock in US 2026 – Introduction
Nvidia stock in US 2026 tell two stories at once. The business keeps beating forecasts: revenue more than doubled in the latest quarter and the company guided higher again. The share price, meanwhile, has dropped hard. A board investigation, a congressional request and a run of analyst downgrades pushed the stock down within a single week.
This report tracks the share price swings, market cap changes, board pressure and earnings data, with every figure tied to a named source. Allegations about named people remain unproven, and the board’s investigation has not finished. The report is for information only and is not investment advice.
Interesting Facts About Nvidia Stock in US 2026
Nvidia Share Price, Key Closes (1 block = $10)
Oct 6 record | ████████████████████████ 243
Nov 6 close | ███████████████████ 187
Nov 10 close | █████████████████ 169
Nov 11 close | █████████████████ 174
Nov 11 late | ████████████████ 159
| Fact | 2026 Data |
|---|---|
| Record close | About $243 on October 6 |
| Peak market value | Almost $5.8 trillion |
| November 11 close | $173.73 (up 2.92%) |
| After-hours price, November 11 | About $159 (down more than 8%) |
| Decline since the record | More than 25% |
| Market value lost since the peak | More than $1.5 trillion |
| Latest quarterly revenue | $96.2 billion (up 106%) |
| Next earnings date | November 17, 2026 |
Source: CNN; Reuters; CBS News; NVIDIA investor relations; YCharts.
The table shows a stock in sharp retreat from a record. The shares peaked near $243 in early October and slid more than 25% by November 11. Most of the damage happened in the last week. The after-hours price is not a closing price and may change by the next session.
The fundamentals did not weaken. Revenue reached $96.2 billion in the quarter ended July 26. The sell-off is about risk, not sales: a governance probe, trade-control questions and worries about AI spending. The November 17 earnings report will be the first hard data point since the probe began.
Nvidia Share Price Swings November 2026: How Far Did the Stock Fall?
Daily Moves, Nov 9-11, 2026 (1 block = 1%)
Mon Nov 9 | ████ -4.27%
Tue Nov 10 | █████ -5.47%
Wed Nov 11 | ███ +2.92%
Wed after hours | ████████ -8.3%
| Date | Move | Price |
|---|---|---|
| Nov 4 | Down 3.17% | $200.13 close |
| Nov 6 | Pre-probe close | $186.64 |
| Nov 9 | Down 4.27% | Not reported |
| Nov 10 | Down 5.47% | $168.89 close |
| Nov 11 | Up 2.92% | $173.73 close |
| Nov 11, after hours | Down about 8.3% | About $159.37 |
Source: YCharts; Finance Feeds; BigGo Finance; CBS News.
The stock fell 4.27% on Monday and 5.47% on Tuesday. Reuters said the two sessions put the company on track to lose more than $470 billion in value, and BigGo later put the two-day loss at more than $427 billion. Wednesday brought a 2.92% rebound as chip stocks rallied. The late drop wiped out that gain. The $186.64 close on November 6 is the last price before the board announced its probe.
Context helps. Nvidia closed at $200.13 on November 4, so the shares were already weaker before the news. CNN reported the stock was down 6.92% on the week at Wednesday’s close, erasing $311 billion. Swings this size matter because the stock’s beta is 2.21, which means it tends to move more than the broader market.
Nvidia Market Cap 2026: How Much Value Did Nvidia Lose?
Nvidia Market Value, Trillions USD (1 block = $0.25 trillion)
Oct 6 peak | ███████████████████████ 5.78
Nov 4 | ███████████████████ 4.83
Nov 11 after hours | ███████████████ 3.85
| Date | Market Value | Note |
|---|---|---|
| July 2026 | Above $5 trillion | Crossed the mark |
| October 6, 2026 | Almost $5.78 trillion | Record |
| November 4, 2026 | $4.833 trillion | YCharts |
| November 11, after hours | About $3.85 trillion | At $159.37 |
Source: Reuters; CNN; YCharts; BigGo Finance; The Motley Fool.
The market value path is steep. Nvidia crossed $5 trillion in July and set its record near $5.78 trillion on October 6. By November 4 it stood at $4.833 trillion. Late on November 11 it sat near $3.85 trillion. Reuters said Microsoft briefly passed Nvidia as the second-most valuable company, the first time since June 2025.
Analysts quoted by BigGo warned that removing Huang could cut Nvidia’s value by 25% to 30%. That is an opinion, not a measured result. The Motley Fool counted $1.7 trillion lost this year before the latest drop, while CNN counted more than $1.5 trillion from the peak. The two figures use different start points.
Nvidia Board Pressure 2026: What Is the Board Doing?
Key Governance Numbers
Directors on board | ███████████ 11
Huang ownership (%) | ███▌ 3.56
| Item | Detail |
|---|---|
| Board size | 11 directors, including Huang |
| Huang’s ownership | 3.56%, no special voting rights |
| Investigation launched | November 8, 2026 |
| Law firm retained | Wachtell, Lipton, Rosen & Katz, led by Joon Kim |
| Congressional request | Briefing sought for November 18 |
| Latest report | Board preparing for a possible CEO change |
Source: Reuters; CNN; The New York Times via Trending Topics; CBS News.
The board opened an independent investigation on November 8. On November 10, independent directors retained Wachtell Lipton, with former acting US Attorney Joon Kim leading the work. The probe looks at whether the matter affects Nvidia’s business, and whether Huang was a target of a foreign intelligence effort. The FBI is examining the same question separately. No findings have been published.
On the evening of November 11, the Wall Street Journal reported that the board was preparing to meet about removing Huang. CBS News said the Trump administration knew of the plans. Earlier, the board had said it had confidence in him. Huang owns 3.56% of the shares, so the board holds the main power. These reports are not confirmed by the company.
Nvidia Earnings 2026: What Did the Latest Quarter Show?
Nvidia Quarterly Revenue, Billions USD (1 block = $4 billion)
Q2 FY26 (year ago) | ████████████ 46.7
Q2 FY27 | ████████████████████████ 96.2
Q3 FY27 guidance | ███████████████████████████ 108.0
| Metric | Q2 Fiscal 2027 |
|---|---|
| Total revenue | $96.2 billion, up 106% |
| Data Center revenue | $89.0 billion, up 117% |
| Edge Computing revenue | $7.2 billion, up 27% |
| Gross margin | 75.0% |
| Non-GAAP EPS | $2.22 |
| Q3 revenue guidance | $108.0 billion, plus or minus 2% |
| Cash returned to shareholders | About $26.0 billion |
Source: NVIDIA Announces Financial Results for Second Quarter Fiscal 2027, August 26, 2026.
Nvidia reported $96.2 billion in revenue for the quarter ended July 26, up 18% from the prior quarter. Data Center produced $89.0 billion. That is about 92% of sales. Analysts had expected about $92 billion. Gross margin held at 75.0%, and non-GAAP earnings per share came in at $2.22.
The outlook is just as large. Nvidia guided third-quarter revenue to $108.0 billion, and that number assumes no Data Center compute revenue from China. The company returned about $26.0 billion to shareholders and had about $99.0 billion left on its buyback authorization. Futurum Research put the prior Wall Street estimate for the third quarter at $105.15 billion, so the company guided above consensus. Third-quarter results arrive on November 17.
Nvidia Stock Analyst Ratings 2026: Who Cut and Who Held?
Price Targets After Probe, USD (1 block = $20)
Morgan Stanley | ███████████████ 300
Baird | ██████████ 200
Bernstein | ██████████ 200
| Firm | Rating | Price Target |
|---|---|---|
| Baird | Cut to neutral | $200, from $500 |
| Bernstein | Cut to market-perform | $200, from $400 |
| Morgan Stanley | Overweight, held | $300 |
Source: BigGo Finance; Finance Feeds; Trending Topics.
Baird cut the stock to neutral and lowered its target to $200 from $500. Bernstein also downgraded the shares and lowered its target to $200, according to one report. Morgan Stanley kept its overweight rating and a $300 target. Treat the targets as opinions that can change within days, especially while the board probe continues.
The spread is wide. Targets range from $200 to $300 among the firms listed, and the stock closed at $173.73 on November 11. Even the lowest target sits above that close. Earnings on November 17 and any board decision will likely force a fresh round of changes.
Nvidia Stock Valuation 2026: What Do the Trading Metrics Show?
52-Week Price Range, USD
Low $164.27 | ████████████████
High $243.37 | ████████████████████████
| Metric | Value |
|---|---|
| 52-week low | $164.27 |
| 52-week high | $243.37 |
| Trailing P/E | 25.3 |
| Earnings per share (trailing) | $7.95 |
| Beta | 2.21 |
| Shares outstanding | 24.10 billion |
| Net insider selling, 90 days to early November | About $947 million |
Source: Fox Business; Trefis; Massive.
Over the past 52 weeks, Nvidia traded between $164.27 and $243.37. The trailing price-to-earnings ratio stood at 25.3 before the latest drop, and earnings per share were $7.95. Those figures come from quotes taken around the first week of November, so they will shift as the price moves. Shares outstanding total 24.10 billion.
Insiders sold about $947 million net over the 90 days before early November, according to Trefis. Heavy insider selling is common at large tech firms and does not prove a view on the stock. Still, it is a figure investors watch during a governance scare.
Nvidia China Exposure 2026: What Do Export Rules and Reports Show?
China Share Signals
Hopper shipments to China, share of Data Center | █ under 1%
China compute in Q3 guidance | ▏ 0%
| Item | Figure | Source Type |
|---|---|---|
| Hopper shipments to China | Under 1% of Data Center revenue | Company results |
| China Data Center compute in guidance | $0 | Company guidance |
| Chips reported moved into China | About 240,000 | The Information report |
| Value of reported shipments | At least $7.5 billion | The Information report |
Source: NVIDIA Announces Financial Results for Second Quarter Fiscal 2027; Reuters; The Information.
Nvidia’s own numbers show little China exposure. Hopper shipments there ran under 1% of Data Center revenue, and the $108.0 billion guidance counts no China compute sales. That limits direct revenue exposure to new trade limits.
A separate report from The Information, relayed by Reuters, said a network of companies moved about 240,000 restricted chips into China, worth at least $7.5 billion. Reuters said it could not verify the report, and Nvidia had not responded. Congress and the FBI are looking at the broader questions, so expect more headlines before the November 18 briefing request.
Nvidia Stock vs the Market 2026: How Did the Shares Compare?
Return, Oct 31 2025 to Nov 8 2026 (1 block = 1%)
S&P 500 fund (SPY) | █████████ +8.7%
Tech fund (XLK) | ██████████ +10.0%
Nvidia (NVDA) | ███████▌ -7.6%
| Period | Nvidia | S&P 500 Fund | Tech Sector Fund |
|---|---|---|---|
| Oct 31, 2025 to Nov 8, 2026 | -7.6% | +8.7% | +10.0% |
| Apr 30 to Nov 8, 2026 | -6.3% | +2.6% | +3.4% |
| Jul 31 to Nov 8, 2026 | -6.9% | -1.6% | -6.1% |
Source: Trefis, NVDA return attribution, data through November 8, 2026.
Nvidia lagged the market over each window. From October 31, 2025 to November 8, 2026 the shares lost 7.6%, from $202.01 to $186.64. The S&P 500 fund gained 8.7% and the tech sector fund gained 10.0%. The data end on November 8, before the largest drops of the week, so the gap is wider now.
Trefis traced much of the decline to a lower valuation multiple, not weaker earnings. Over the full period it linked the move to a 58.8% fall in the price-to-earnings multiple. Over the last three months, Nvidia and the tech fund fell by similar amounts, 6.9% and 6.1%. The correlation with the tech fund was 81.1% in that window.
Nvidia Segment Revenue and Commitments 2026: Where Does the Money Go?
Q2 FY27 Revenue by Part, Billions USD (1 block = $5 billion)
Hyperscale | ██████████ 48.71
AI clouds, industrial, enterprise | ████████ 40.31
Edge Computing | █ 7.20
| Item | Amount |
|---|---|
| Hyperscale revenue | $48.71 billion |
| AI Clouds, Industrial and Enterprise revenue | $40.31 billion |
| Edge Computing revenue | $7.20 billion |
| Supply and capacity commitments | $279 billion |
| Cloud service agreements | $29 billion |
| OpenAI credit support, cap | $105 billion |
Source: Futurum Research; Jon Peddie Research; NVIDIA second quarter fiscal 2027 results.
Hyperscale customers, the large cloud providers, brought in $48.71 billion. AI clouds, industrial and enterprise buyers added $40.31 billion. Together they make up the $89.0 billion Data Center total. Edge Computing, which now includes the old Gaming segment, produced $7.20 billion. Nvidia said its new Vera Rubin platform is in full production.
The commitments are large. Jon Peddie Research counted $279 billion in supply and capacity commitments and $29 billion in cloud agreements. Nvidia’s guarantee obligations tied to OpenAI cap at $105 billion, effective in phases as data centers reach service-ready status. Analysts cite these obligations when they ask whether AI spending will pay off, a worry Reuters named in its coverage.
Nvidia Stock Key Dates 2026: What Happens Next?
Upcoming Calendar
Nov 17 ──► Nov 18 ──► Board decision (date not set)
Earnings House briefing request
| Date | Event |
|---|---|
| November 17, 2026 | Third-quarter fiscal 2027 earnings |
| November 18, 2026 | House committee briefing requested |
| Not announced | Board decision on Huang’s role |
| Not announced | Finish of the Wachtell Lipton investigation |
Source: YCharts (earnings date); BigGo Finance; Reuters.
Two dates are firm. Earnings come on November 17, and the briefing request lands on November 18. Guidance of $108.0 billion sets the bar for the first. Analysts will also ask about Huang, so management’s answers may move the stock as much as the numbers do.
The other two items have no date. The board has not said when it will decide, and the investigation has no stated end. Until then the stock will likely trade on headlines. Check the company’s investor relations page and filings for confirmed news before relying on any report. Treat every after-hours price in this report as provisional, because prices can reverse when regular trading opens on the next session.
Nvidia Stock FAQ 2026
What Is Nvidia’s Stock Price Today in 2026?
Nvidia closed at $173.73 on November 11, 2026. It traded near $159 after hours. Check a live quote for the current price.
Why Is Nvidia Stock Falling in November 2026?
The board launched an investigation on November 8 tied to reports about CEO Jensen Huang, and later reports said the board was weighing his future.
What Is Nvidia’s Market Cap in 2026?
Market value peaked near $5.78 trillion on October 6 and was about $3.85 trillion late on November 11.
How Much Has Nvidia Stock Dropped From Its High?
More than 25% from the $243 record close, a loss of more than $1.5 trillion in market value.
When Does Nvidia Report Earnings?
November 17, 2026, for the third quarter of fiscal 2027.
How Much Revenue Did Nvidia Report Last Quarter?
$96.2 billion, up 106% from a year earlier, with $89.0 billion from Data Center.
What Is Nvidia’s Revenue Guidance?
$108.0 billion, plus or minus 2%, with no China Data Center compute revenue included.
Who Cut Nvidia’s Rating in November 2026?
Baird cut to neutral with a $200 target. Bernstein also downgraded. Morgan Stanley kept overweight with a $300 target.
Is Jensen Huang Still Nvidia’s CEO?
Yes, as of November 11, 2026. The board was reported to be preparing to discuss his future, and it has made no announcement.
How Much of Nvidia Does Jensen Huang Own?
About 3.56%, with no special voting rights.
How Much Market Value Did Nvidia Lose in One Week?
CNN said the stock was down 6.92% on the week at Wednesday’s close, erasing $311 billion. CBS News said value had sunk more than $450 billion since the probe began on November 8, counting after-hours trading.
Did Microsoft Pass Nvidia in Market Value?
Briefly. Reuters said Microsoft overtook Nvidia as the world’s second-most valuable company for the first time since June 2025.
What Did Bank of America Say About the Nvidia Sell-Off?
Its analysts said the debate is whether the problem stays company-specific, and that they would not equate allegations with proven business damage.
Does Nvidia Sell Data Center Chips to China in 2026?
Very little. Hopper shipments to China ran under 1% of Data Center revenue, and the $108.0 billion guidance includes no China Data Center compute revenue.
What Was Wall Street’s Revenue Forecast for Nvidia’s Third Quarter?
Before the company’s guidance, the consensus was about $105.15 billion, according to Futurum Research. Nvidia guided to $108.0 billion.
Disclaimer: This research report is compiled from publicly available sources. While reasonable efforts have been made to ensure accuracy, no representation or warranty, express or implied, is given as to the completeness or reliability of the information. We accept no liability for any errors, omissions, losses, or damages of any kind arising from the use of this report.