Nvidia Stock Falls About 9% and Enters Bear Market Amid AI Chip Selloff

Nvidia stock plunged more than 9% on Thursday, Nov. 5, 2026, as Wall Street dumped AI and semiconductor shares. Yahoo Finance said Nvidia closed at $181.60, down $18.53, or 9.26%, wiping nearly $450 billion off its market value in a single session and leaving the company worth about $4.4 trillion. The stock is now about 24% below its Oct. 6 record close — a decline that puts it in bear-market territory by the common 20%-from-high definition — and trading below its 200-day moving average, Yahoo Finance reported.

This article is for general information only and is not investment advice.

How much did Nvidia fall?

According to Yahoo Finance:

• Close: $181.60, down 9.26%
• Single-day market-value loss: nearly $450 billion
• Decline from Oct. 6 record: about 24%
• Market cap after the close: roughly $4.4 trillion
• Context: worst day for the stock since the DeepSeek sell-off in January 2025

CNBC said Nvidia led losses among the “Magnificent Seven,” which together shed more than $1 trillion in market value Thursday, with Nvidia alone accounting for more than $440 billion. CNBC also reported that Nvidia turned negative on the year, with its year-to-date decline around 2.6% after the session.

Why is Nvidia stock dropping?

The broader catalyst was a post-midterm reassessment of the AI trade. Investors worried that Democratic gains in Congress — and state-level campaigns against new data centers — could slow the buildout of facilities that run on Nvidia chips, Yahoo Finance and CNBC reported. Yahoo Finance noted that the Senate came close this fall to advancing legislation that would have made data centers pay more of the power costs they create.

Chip peers were hit even harder in percentage terms in some cases. Yahoo Finance said AMD, Micron and Arm posted steep double-digit losses, Broadcom and Taiwan Semiconductor fell more than 10%, SanDisk dropped about 22%, and the PHLX Semiconductor Index had its worst day since March 2020.

CNBC separately reported that the iShares Semiconductor ETF (SOXX) fell about 12%, its worst day since the early COVID sell-off in March 2020.

Is Nvidia in a bear market?

By the standard Wall Street shorthand — a drop of about 20% or more from a recent peak — yes for the stock itself. Yahoo Finance said Nvidia is about 24% below its October record. That is separate from the Nasdaq Composite, which CNBC said closed in correction territory (more than 10% off its high) rather than a full index bear market.

Yahoo Finance also noted Nvidia was on track for a fifth straight losing week, a streak that has been rare for the stock since its 1999 IPO.

What comes next for NVDA?

Nvidia’s next major company-specific catalyst on many investors’ calendars is its earnings report later in November; market coverage has pointed to the mid-month report as a test of whether AI demand remains strong even if some infrastructure projects face delays. Broader market volatility tied to midterm policy expectations may continue to swing chip stocks in both directions.

For now, Thursday’s tape was unambiguous: Nvidia and the AI complex led one of the sharpest tech selloffs since last year’s tariff shock, CNBC said, and the damage spilled into the major indexes.

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