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TL;DR
Nvidia closed at $168.89 on Nov. 10, 29.4% below its Oct. 6 record close of $239.24. The fall followed broader selling in technology stocks and reports of a board investigation, a proposed shareholder lawsuit and scrutiny involving a customer; the precise contribution of each factor is unknown.
Nvidia closed at $168.89 on Tuesday, Nov. 10, down 29.4% from its Oct. 6 record closing price of $239.24, as a sharp technology-stock sell-off coincided with company-specific scrutiny. The decline matters beyond Nvidia: the chipmaker accounted for 6.64% of the SPY S&P 500 tracker and 7.10% of the QQQ Nasdaq-100 tracker on Nov. 9, so movements in its shares can weigh on major market indexes.
The numbers describe a rapid slide after the stock’s record. Nvidia fell 15.6% over four trading sessions from its Nov. 4 close of $200.13 to Nov. 10. It dropped 9.26% on Nov. 5, rebounded 2.78% on Nov. 6, then fell 4.27% on Nov. 9 and 5.47% on Nov. 10. The figures use Nasdaq closing prices; percentage changes are calculations from those prices.
Over the two sessions on Nov. 9 and 10, the share price declined from $186.64 to $168.89, a loss of $17.75 per share. Using Nvidia’s reported 24.1 billion shares outstanding as of Aug. 21, that works out to an estimated $428 billion reduction in market value. The calculation applies the same share count to the price change; it is not a separate company report of value lost.
Measured from the record close, the $70.35 per-share decline represents an estimated $1.7 trillion in market value using that same share count. The stock was 30.6% below its Oct. 6 intraday high of $243.37. These figures are based on the Nov. 10 close and do not describe any trading after that session.
Nvidia’s sharp slide below its record
Nvidia closed nearly 30% below its record as technology stocks sold off and company-specific scrutiny drew attention. The drop matters to broad-market investors because Nvidia has significant weight in major indexes.
The slide from the record
The closing price fell from $239.24 on Oct. 6 to $168.89 on Nov. 10.
$239.24 on Oct. 6.
Closed at $200.13 on Nov. 4, then fell 15.6% over four trading sessions.
$168.89 on Nov. 10, based on closing prices.
What was happening
Market-wide pressures coincided with reports of issues tied to Nvidia.
- Technology-sector selling
- Worries about AI data-center expansion
- Hotter inflation and rate expectations
- Board announced an independent investigation
- Proposed shareholder class action filed
- Customer faced export-control scrutiny
Why the drop reaches beyond Nvidia
Its index weights mean share-price moves can influence funds held by investors who do not own Nvidia directly.
Broad market exposure
Nvidia represented 6.64% of the S&P 500 tracker on Nov. 9.
Nasdaq exposure
Nvidia represented 7.10% of the Nasdaq-100 tracker on Nov. 9.
What remains uncertain
The reports describe events during the decline, but do not establish their individual effects on the share price.
Next company update
Nvidia is scheduled to report third-quarter results on Nov. 17, 2026. The material provided includes no forecast or company guidance for that report.
Nvidia’s Weight in Major Indexes
Nvidia’s size means its share-price swings reach investors who hold broad-market funds, not only people who own Nvidia shares directly. The company’s reported weights in SPY and QQQ on Nov. 9 show how much the indexes’ performance can be influenced by one stock. CNBC reported on Tuesday that Nvidia “dragged down the three major averages.”
The share-price drop also arrives while companies and investors are closely watching spending on AI data centers. Nvidia supplies chips used in that buildout, but the available reporting does not establish that the stock decline signals a specific change in customer orders or the company’s future revenue. It does show that investors are reacting to both broader economic concerns and questions tied to Nvidia itself.
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The Slide From October’s Record
Nvidia set its record closing price on Oct. 6, at $239.24. Yahoo Finance reported that the stock settled just below an intraday record that day and that Nvidia’s intraday market value reached $5.84 trillion. The share price then weakened, including a 4.22% fall on Oct. 30, before closing at $200.13 on Nov. 4.
Market-wide pressure formed one part of the picture. AFP reported that fears of a slower AI data-center buildout contributed to heavy technology-sector selling after the U.S. midterm elections. On Nov. 10, AFP also linked declines on Wall Street to inflation data that came in hotter than expected and raised expectations of Federal Reserve rate hikes. CNBC reported October consumer prices rose 0.4%, compared with economists’ 0.3% expectation. Reuters cited uncertainty about the AI outlook as another factor.
Reports also described issues specific to Nvidia: its board announced an independent investigation on Nov. 8, a proposed shareholder class action was filed on Nov. 9, and a Nvidia customer faced scrutiny related to export controls. These developments were reported amid the market decline; the sources do not quantify how much each affected the share price.
““an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort.””
— Nvidia’s board
What Drove the Sell-Off
The available reporting does not establish how much each factor contributed to Nvidia’s losses. Broader worries about data-center spending, inflation and interest rates occurred alongside the board investigation, proposed shareholder litigation and export-control scrutiny involving a customer. No source cited here assigns a precise share-price effect to any one development.
The reported investigation concerns claims that CEO Jensen Huang was targeted by a foreign intelligence effort; the source material does not establish the allegation as fact or describe a finding by the board. The lawsuit is described as proposed, and the supplied reporting gives no outcome. Details about the customer scrutiny, its implications for Nvidia, and any effect on shipments or revenue are also not established here.
The market-value estimates are calculations based on a reported share count from Aug. 21 and closing prices through Nov. 10. They are not a measure of cash leaving Nvidia, and the share count may differ from the number of shares at other dates. The article’s figures stop at the Nov. 10 close.
Nvidia’s Nov. 17 Results
Nvidia is scheduled to report its third-quarter results on Nov. 17. Investors will have a new company update to compare with market concerns about AI infrastructure spending and the business outlook. The material provided does not include forecasts for the report or guidance from Nvidia about the expected results.
Further updates may also clarify the board investigation, the status of the proposed shareholder case and the scrutiny involving a customer. Until more information is reported, the relative role of those issues in the stock decline remains uncertain. The price and market-value figures above reflect the close on Nov. 10, not later trading.
Key Questions
How far is Nvidia’s stock below its record?
At the Nov. 10 close of $168.89, Nvidia was 29.4% below its record closing price of $239.24 on Oct. 6. It was 30.6% below the Oct. 6 intraday high of $243.37.
How much market value did Nvidia lose?
From the Nov. 6 close to the Nov. 10 close, the estimated decline was about $428 billion, calculated by multiplying the $17.75 share-price drop by a reported 24.1 billion shares outstanding. From the Oct. 6 record close to Nov. 10, the comparable estimate is about $1.7 trillion. These are calculations, not company-reported losses.
Why did Nvidia shares fall?
Reporting cited broader technology-sector selling amid worries about AI data-center expansion, hotter-than-expected inflation and interest-rate expectations. Nvidia also faced reports of a board investigation, a proposed shareholder class action and export-control scrutiny involving a customer. Available sources do not quantify each factor’s contribution.
When is Nvidia’s next earnings report?
Nvidia is scheduled to report its third-quarter results on Nov. 17, 2026. The source material does not provide the company’s expected results or guidance.
Source: ThorstenMeyerAI.com
