FeesSafety
Pluang+

Nvidia shares dip below $200 amid market rally, losing top company spot to Apple.

Market News
05 Nov 2026, 15:49 WIB
24/7 Wall Street
View Source
Bearish
Nvidia shares dip below $200 amid market rally, losing top company spot to Apple.

Nvidia's stock fell below $200 for the first time since August, closing at $200.13 amid a broader market rally where the S&P 500 and Nasdaq surged. This drop caused Nvidia to lose its position as the world's largest company to Apple, whose market value rose above Nvidia's by about $270 billion. Despite the dip, analysts remain optimistic with a consensus price target of $327.14, reflecting over 60% upside potential. The key uncertainty is whether political shifts in Washington will slow data center construction, which could impact Nvidia's customers' spending and the company's growth. Nvidia's upcoming earnings report on November 17 will be critical to assess if demand remains strong amid these challenges.

Nvidia's recent drop below $200 is reflected on Pluang, where the stock trades at USD 197.18, down 1.47% as of Nov 05, 2026 20:52 WIB. Meanwhile, Apple maintains its lead with a price of USD 353.36 and a market cap of $5.08 trillion, compared to Nvidia's $4.83 trillion. On Pluang, Nvidia investors tend to hold their shares for about 118 days, while Apple holders typically hold for 145 days, showing differing investor behaviors amid this market shift.

More News (NVDA)

Chinese AI lab Moonshot seeks Nvidia chip access in Europe, exploiting export control loopholes.

Chinese AI lab Moonshot seeks Nvidia chip access in Europe, exploiting export control loopholes.

Chinese AI lab Moonshot has been trying to lease advanced Nvidia GPU capacity from data centers in Europe, circumventing U.S. export controls that ban shipping these chips directly to China. This move follows reports that Moonshot accessed Nvidia's B...

Market News
Neutral
5 hours ago
Top 10 dividend growth stocks with strong returns and solid fundamentals identified for November 2026.

Top 10 dividend growth stocks with strong returns and solid fundamentals identified for November 2026.

A financial analyst highlights 10 high-quality dividend growth stocks with strong total return potential for November 2026. The stocks were selected based on robust fundamentals, attractive valuations, and criteria including an Investment Score of 70...

Analyst Insights
Bullish
11 hours ago
Midterm election results stall AI data center spending, hitting power and cooling stocks hardest.

Midterm election results stall AI data center spending, hitting power and cooling stocks hardest.

Democrats' midterm wins led to concerns over a moratorium on new data center construction, especially in Texas where 30% of projects are planned. This has caused a selloff in stocks tied to AI infrastructure, particularly power and cooling companies ...

Market News
Bearish
19 hours ago
Tech megacaps split post-Dem win; Apple, Amazon surge while Nvidia, Tesla dip amid market rotation.

Tech megacaps split post-Dem win; Apple, Amazon surge while Nvidia, Tesla dip amid market rotation.

After Democrats won control of Congress, the Magnificent Seven tech megacaps split performance: Apple, Amazon, Microsoft, Alphabet, and Meta rose sharply, with Apple and Amazon gaining over 6%, while Nvidia and Tesla fell. This shift suggests a marke...

Market News
Neutral
1 day ago
CoreWeave shares fall as debt and GPU depreciation challenge growth despite $104B backlog.

CoreWeave shares fall as debt and GPU depreciation challenge growth despite $104B backlog.

CoreWeave's stock has dropped over 40% recently amid concerns about its heavy debt and rapid GPU depreciation, despite a $104 billion revenue backlog and strong growth. The company rents NVIDIA GPUs to major AI and tech firms like Meta and OpenAI, wi...

Market News
Neutral
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App