By TradingView
Publication Date: 2026-11-06 06:52:00
Key points:
- Under $200 a share
- Under 200-day SMA
- Under flatline on year
AI bellwether falls beneath its 200-day average and turns negative for 2026, with earnings approaching.
📉 Nvidia loses three key price markers
- Nvidia shares NVDA plunged 9.26% to $181.60 on Thursday, finishing decisively below $200 after briefly dipping beneath that threshold Wednesday. The stock closed near its session low of $181.46, leaving the chipmaker roughly 24% below its October intraday record of $243.37.
- The decline also erased Nvidia’s remaining gain for 2026, leaving shares down 2.6% since December’s close. That puts the company behind its starting line for the year despite another stretch of extraordinary revenue growth.
- Shares now sit about 11% below their 200-day simple moving average, near $204.66. The indicator averages the previous 200 sessions’ closing prices and helps traders assess the longer-term trend.
🏗️ Investors rethink the AI buildout
- The immediate concern is a potential slowdown in data-center construction. Democratic election victories included candidates opposing expansion in Texas and Georgia, raising questions about future chip sheltering.
- But the damage extends well beyond Nvidia. AMD, Micron and Marvell each fell roughly 17% Thursday, while the semiconductor index lost about 12%. The Nasdaq Composite dropped 5.5%, slipping into a correction from its record closing high.
- Nvidia’s latest reported numbers still show rapid expansion. Fiscal…
