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Nvidia stock falls despite rumors of major chip purchases from China

Market News
20 Oct 2026
Barrons
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Bearish
Nvidia stock falls despite rumors of major chip purchases from China

Nvidia's stock has dropped 10% over the past two weeks amid continued selling pressure on AI and chip stocks. Even rumors of significant chip purchases from China have failed to stop the decline. This ongoing sell-off highlights investor caution in the tech sector despite potential demand boosts from China. The stock's near-term outlook remains uncertain as market volatility persists.

Nvidia stock trades at USD 215.76 on Pluang as of Oct 20, 2026, 19:43 WIB, down 0.61% in one day. The stock's market cap stands at $5.24 trillion, with a 52-week high of $239.27. Pluang data shows 63% of orders are buys, indicating ongoing investor interest despite recent declines.

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