Nvidia Closes Down 4.29% at $178.64, Falling Alone as Market and Chip Peers Rally

NEW YORK — Nvidia (NASDAQ: NVDA) closed at $178.64 on November 9, down $8.00, or 4.29%, from Friday's close of $186.64, one of the few large technology stocks to fall on a day when U.S. stocks rallied broadly. The S&P 500 rose 2.41% and the Nasdaq Composite rose 2.67% the same day, while chip peers AMD and Broadcom surged 13.31% and 8.80%.

Nvidia opened at $173.15 and fell as low as $170.24 intraday, its lowest intraday level since March 31, a drop of more than 8% at the worst point. It recovered part of the loss as the broader market climbed in the afternoon, reaching $179.92 at the session high, but still closed below Friday's level. Volume was about 455 million shares, well above Friday's roughly 180 million.

The Dow Jones Industrial Average rose 1,131.81 points, or 2.21%, to 52,417.54; the S&P 500 gained 177.81 points to 7,554.67; and the Nasdaq Composite gained 656.06 points to 25,235.49. All 11 major S&P 500 sector indexes rose. Reuters reported that falling oil prices eased inflation concerns and dip buyers helped the market rebound from its biggest weekly drop since April 2025.

Chip stocks rallied as a group, with the Philadelphia Semiconductor Index up more than 6%, and Nvidia was the sole decliner in the index. AMD closed at $508.81, up 13.31%, and Broadcom closed at $319.54, up 8.80%, as money rotated into Nvidia's rivals. Morgan Stanley and UBS said on Monday that last week's selloff in super intelligence (SI) stocks was overdone and that extreme regulation of data center development under a Democratic-controlled Congress was unlikely.

Nvidia's fall stemmed from company-specific news. Its board announced on November 8 that a committee of independent directors, assisted by outside counsel, had opened an independent investigation into reports that chief executive Jensen Huang had been targeted by a foreign intelligence effort; Huang told employees the same day that he had been unfaithful to his wife. The board said it had no reason to believe that national security or Nvidia's confidential information had been compromised.

Two dates come next: the Labor Department is scheduled to release the October Consumer Price Index on November 10, and Nvidia is scheduled to report its latest quarterly results on November 17, when investors will test the pace of super intelligence infrastructure spending and orders.

Related: Follow-Up: Musk and Ackman Publicly Back Jensen Huang as Nvidia Shares Tumble More Than 6% in Frankfurt on Monday

Related: Jensen Huang Admits Infidelity to Employees as Nvidia Board Opens Independent Investigation

(Source: Reuters)

Source: Reuters

Published by GSM · USA (original Chinese edition)

Photo: 图：英伟达位于加利福尼亚州 Santa Clara 的总部大楼。Coolcaesar 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: Nvidia headquarters in Santa Clara, California. Photo by Coolcaesar, CC BY-SA 4.0, via Wikimedia Commons.

Latest in Finance

In Albany, New York, Governor Kathy Hochul has announced that the State Department of Financial Services (DFS) has proposed a regulation amending the process for filing private passenger auto insuranc2026-11-09RB Global Third-Quarter GTV Rises 20% to $4,676.1 Million; Total Revenue Up 17% to $1,274.4 Million and Net Income Up 47% to $140.2 Million as Full-Year GTV Gro2026-11-09