By Omor Ibne Ehsan
Publication Date: 2026-11-06 12:37:00
Nvidia’s revenue is doubling and its forward multiple has shrunk to 15x, yet one political shock erased a staggering chunk of its value. The real threat may sit in the data centers where its chips are headed.
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Shares of Nvidia (NASDAQ:NVDA | NVDA Price Prediction) closed at $181.60, and Wall Street’s consensus price target is $327.14. Reaching that target would take a gain of about 80%.
The gap opened in a single session. Nvidia fell 9.26%, its largest one-day percentage drop since the DeepSeek selloff, and lost about $450 billion in market value as chip stocks sold off after the midterm elections.
Nvidia’s own results remained strong. Last quarter, revenue came in at $96.22 billion, up 105.8% from a year earlier, and management guided to $108.0 billion for the current quarter.
The market is repricing the outlook for Nvidia’s customers. If the Democratic sweep brings tougher AI rules and slows the expansion of computing facilities, the cloud giants that fill their buildings with Nvidia systems could spend less. A target built for a full-speed expansion would then be too high.
Washington Risk Hit Nvidia’s Customers Before Its Chips
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