Nvidia (NVDA) Stock: $200 Thursday After the Midterm Chip…
By Tobi Opeyemi Amure
AI summary of the source article
Nvidia shares dropped 3.17 percent to $200.13, alongside a broader semiconductor sell-off driven by concerns that midterm election results could slow AI data center construction. The company is scheduled to report fiscal Q3 2027 results on 17 November.
Why it matters
That matters for Nvidia because data center sales are most of its revenue. If power, permits and local approvals slow new sites, the timing of GPU deliveries can shift even when demand is there.
Key facts
- Nvidia closed at $200.13 on 4 November, down 3.17 percent, and traded at $196.50 in pre-market trading on 5 November.
- The PHLX Semiconductor Index dropped 3.13 percent, with Micron down 7.00 percent and Marvell down 7.08 percent.
- Consensus estimates for Nvidia's fiscal year ending January 2027 project revenue of $411.65 billion and adjusted EPS of $9.31.
Source excerpt · FinanceFeeds
Updated 5 November 2026, 13:30 GMT (before the US open). Nvidia (NASDAQ: NVDA) closed at $200.13 on Wednesday 4 November, down $6.56 or 3.17 percent, and was quoted at $196.50 in pre-market trading at 8:02 a.m. ET on Thursday, down a further 1.81 percent (StockAnalysis). The Nasdaq Composite rose 1.44 percent on the same day, so this was a chip sell-off, not a market sell-off: the Democratic midte…