Nvidia shares close at $212.34 amid broader technology selloff
Key Facts
Nvidia shares fell to $212.34 at the close on October 22, 2026, according to EL7 data, amid a broader selloff in U.S. technology stocks. The stock had closed at $221.97 on October 21 before declining in the following session. Losses during trading extended to the technology-heavy Nasdaq Composite, according to Investing.com. The website reported that the index fell 2.8% during the session. It stood at 25,962.72 points at the time, an intraday reading.
Exports of some Nvidia chips to China are subject to a U.S. policy under which license applications are reviewed on a case-by-case basis, according to the U.S. Commerce Department's Bureau of Industry and Security. The policy covers Nvidia's H200 chips, AMD's MI325X chips and similar products, subject to security requirements. These include independent testing by a third party in the United States to verify the products' performance and security. Licensing requirements have previously resulted in charges for Nvidia, which announced a $4.5 billion charge in the first quarter of its fiscal 2026. The charge related to excess H20 chip inventory and purchase commitments following the licensing requirements. In an earlier market reaction linked to the issue, Reuters reported that Nvidia shares fell 6% in after-hours trading on April 15, 2025. The move followed the company's warning of charges related to licensing, according to the agency's report published on April 16, 2025.
On earnings, Nvidia announced results for the second quarter of its fiscal 2027 on August 26, 2026. Quarterly revenue totaled $96.2 billion, according to the company's statement. It said revenue rose 106% from the same period a year earlier. In its filing with the U.S. Securities and Exchange Commission, the company also recorded a $0.4 billion charge related to H200 chips during the first half of its fiscal 2027. It attributed the charge to excess inventory and purchase commitments as demand for those chips declined.
In a development concerning Chinese demand, Reuters reported on October 20, 2026, citing sources familiar with the matter, that ByteDance, Alibaba and Tencent had placed orders for Nvidia cards. The combined potential value of those orders exceeds $35 billion, according to the sources who spoke to the agency. That figure represents purchase orders that could potentially be fulfilled, rather than revenue the company has realized. In its latest earnings statement, Nvidia said: "We are not assuming any Data Center compute revenue from China in our outlook" for the following fiscal quarter. On the timing of order fulfillment, Reuters cited its sources as saying Nvidia had told customers that commercial deliveries of the cards would begin in the first quarter of 2027.