Investing / Technology

Add as a preferred source on Google

Nvidia Shares Rise in One Premarket Snapshot After $430 Billion Market Value Loss

Other providers showed gains ranging from 3.07% to 5.46%. Nvidia’s fiscal 2027 third-quarter results discussion is scheduled for Nov. 17.

Updated 2 min read
Pedestrians pass Nasdaq MarketSite in New York before the opening bell. / TokenPost.ai (macro)
Pedestrians pass Nasdaq MarketSite in New York before the opening bell. / TokenPost.ai (macro)

NDTV Profit reported Nvidia shares at $177.70, up 5.28%, in one early Wednesday premarket snapshot after a two-session selloff erased about $430 billion in market value.

The outlet put the quote at 5:14 a.m. EST (10:14 UTC). Yahoo Finance showed $174.07, up 3.07%, at 3:59:58 a.m. EST, while StockMarketWatch displayed $178.12, up 5.46%, at 5:40 a.m. EST. The readings came from different providers at separate times, and ranged from a 3.07% to a 5.46% gain.

The stock closed at $186.64 on Friday, Nov. 6, then $178.67 Monday and $168.89 Tuesday, leaving it 9.5% below Friday’s level. Reuters reported after Tuesday’s close that Nvidia had lost about $430 billion in market value over the two sessions. Earlier Tuesday, with shares down about 6.5%, Reuters said the loss was on track to top $470 billion. The figures reflect different points in the selloff: the larger figure was an earlier trading estimate, while the $430 billion figure came after the sessions ended.

Reuters linked the decline to investor concern about AI stocks and U.S. inflation data that came in hotter than expected. Its reporting also cited Nvidia’s board inquiry and complications involving an Ohio data-center project.

Reports alleging that a foreign intelligence operation had targeted CEO Jensen Huang prompted Nvidia’s board to open an independent review. The board said it had no reason to believe national security or Nvidia secrets were compromised, and that its inquiry would examine all available information. On Nov. 10, independent directors said they had retained Joon H. Kim and Wachtell, Lipton, Rosen & Katz to conduct the investigation.

The latest decline continues coverage of an AI-related market pullback, including EconoTimes’ earlier coverage of the AI-driven selloff, which examined changes in technology leaders’ estimated fortunes.

Nvidia is scheduled to discuss fiscal 2027 third-quarter results Tuesday, Nov. 17, at 5 p.m. EST (22:00 UTC). The quarter ended Oct. 25.

Related articles

View all