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Nvidia shares near $200, testing a key support amid sector selloff and upcoming earnings.

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03 Nov 2026, 16:47 WIB
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Bearish
Nvidia shares near $200, testing a key support amid sector selloff and upcoming earnings.

Nvidia's stock closed just above $200, a critical support level it hasn't fallen below since July, amid a broad chip sector selloff that erased about $900 billion in market value. Despite a strong revenue increase of 106% last quarter, the stock trades at a relatively low forward earnings multiple of 17, reflecting market concerns over a flood of new securities from major tech firms. Nvidia's next earnings report on November 17 is highly anticipated, with expectations for record revenue and steady margins. Analysts remain mostly bullish, but recent target cuts highlight valuation pressures due to financing risks and sector repricing.

Nvidia's market cap stands at $4.88 trillion as of Nov 03, 2026, 22:01 WIB, with a trading volume of 119,222,246 shares on Pluang. The stock price is currently $208.09, up 2.98% for the day, showing some recovery despite recent sector selloffs. Dividend yield remains modest at 0.49%, and investor sentiment on Pluang leans bullish with 65% buy orders. Typical holding time on the platform is 117 days, indicating medium-term investor interest.

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