NVIDIA’s 2.8% rebound lifts shares to $186.64 ahead of results
Key Facts
NVIDIA shares rose 2.8% in the November 6 session, closing at $186.64 and recouping part of their losses after a sell-off in technology and artificial intelligence stocks. The Associated Press said the stock was the largest contributor to the S&P 500’s advance during the session. The rebound followed a 9.3% decline in the stock on November 5, according to the agency, while EL7 data show it closed at $181.60 that day. The stock had also fallen 3.2% on November 4, the Associated Press said. Investors are now focused on third-quarter results for fiscal 2027, which the company has scheduled for release on November 17.
The November 5 losses came amid a broader decline in the U.S. market: the S&P 500 fell 4.4%, while the Nasdaq Composite dropped 5.5% in the session, according to the Associated Press. The Nasdaq was down 11.9% from its record high set the previous month, a decline that put it within the commonly defined correction range, the agency said. By contrast, the S&P 500 rose 0.3% on November 6 but remained down 2.7% for the week ended that day. The Associated Press said this was the index’s worst weekly performance since April 2025. Tokyo and Seoul indexes also fell 6% on Friday, November 6, following the U.S. market’s decline the previous day, signaling that pressure had spread to Asian markets.
The Associated Press linked pressure on artificial intelligence stocks to concerns that data-center construction could slow as borrowing costs rise. The agency added that the possibility that Democratic victories in the midterm elections could lead governments to halt some construction projects increased concerns about the pace of building. Slower data-center construction could mean lower demand for AI chips, according to the report. The concerns come as NVIDIA recorded strong business growth in the previous quarter. CEO Jensen Huang said, "Demand is accelerating," adding that "AI infrastructure buildout is in full swing."
NVIDIA revenue was $96.2 billion in the second quarter of its fiscal 2027, up 18% from the previous quarter and 106% from a year earlier, according to the company’s earnings announcement. Data centers accounted for most of that performance, with revenue of $89.0 billion, up 117% year over year. The figures put second-quarter business growth in the context of investor concerns about the durability of demand and spending tied to building AI infrastructure. On November 5, the company’s stock was down 2.6% year to date, after annual gains of about 39% in 2023, 171% in 2024 and 239% in 2025, according to the Associated Press. The stock’s size gives it a significant effect on the index: the agency said a 1% move in the shares affects the S&P 500 more than a similar move in most other U.S. stocks.
NVIDIA scheduled its third-quarter fiscal 2027 earnings conference for November 17. The quarter ended on October 25, 2026. The conference is set to begin at 2 p.m. Pacific time, or 5 p.m. Eastern time, according to an investor relations statement. The company said results would be made public at about 1:20 p.m. Pacific time, with the CFO’s commentary to be posted after their release. The next report will be a near-term test of whether the revenue growth recorded in the second quarter can continue. It will also give investors an opportunity to assess data-center demand in light of concerns that weighed on sector shares in early November.