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Nvidia loses $1.3 trillion in value after 5th straight weekly drop amid political concerns.

Market News
07 Nov 2026, 16:04 WIB
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Bearish
Nvidia loses $1.3 trillion in value after 5th straight weekly drop amid political concerns.

Nvidia's stock fell for the fifth consecutive week, dropping nearly 22% from its October peak and erasing about $1.3 trillion in market value. The decline is linked to political shifts in Washington, where opposition to AI data centers threatens Nvidia's growth by potentially limiting power and permits for new sites. Despite supply constraints, demand remains strong. Nvidia's upcoming earnings report on November 17 will be crucial, with investors watching for revenue meeting guidance and clarity on customer plans post-election to determine if the stock will recover or continue falling.

Nvidia's stock is currently trading at USD 186.64 on Pluang, showing a 1-day gain of 2.78% as of Nov 07, 2026 21:21 WIB. The market cap stands at $4.51 trillion with balanced order activity, reflecting ongoing investor interest despite recent weekly declines.

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