FeesSafety
Pluang+

Nvidia stock nears bear market as shares drop over 20% amid tech selloff and election jitters

Market News
05 Nov 2026, 20:59 WIB
Market Watch
View Source
Bearish
Nvidia stock nears bear market as shares drop over 20% amid tech selloff and election jitters

Nvidia's stock is approaching bear market territory after falling more than 23.5% from its peak on October 6, 2026. The selloff in tech stocks has intensified due to political uncertainty following recent election results. Despite the decline, some portfolio managers believe chip demand will remain strong. This drop marks Nvidia's largest percentage decrease since March 2025, highlighting increased volatility in the tech sector.

Nvidia's stock on Pluang trades at USD 182.92 as of Nov 06, 2026 02:11 WIB, down 8.60% in one day and closer to its 52-week low of USD 165.17 than its high of USD 239.27. This sharp drop contrasts with a balanced order activity of 49% sell and 51% buy, indicating mixed investor sentiment despite the recent selloff. The stock's typical hold time of 118 days suggests investors are moderately patient amid the volatility.

More News (NVDA)

NVIDIA, Amazon, and Palantir show strong growth but need key milestones to hit bold 2027 price targets.

NVIDIA, Amazon, and Palantir show strong growth but need key milestones to hit bold 2027 price targets.

Despite recent volatility, NVIDIA, Amazon, and Palantir are posting strong growth. NVIDIA aims for $400 by 2027, driven by rapid revenue growth and supply constraints, with a 93% gain needed from current prices. Amazon's target of $350 depends on AWS...

Analyst Insights
Bullish
7 hours ago
Nvidia's 5.23% drop hits major index funds, impacting many 401(k) portfolios heavily exposed to the chip stock.

Nvidia's 5.23% drop hits major index funds, impacting many 401(k) portfolios heavily exposed to the chip stock.

Nvidia shares fell 5.23% amid sector-wide selling linked to potential AI regulations after the midterm elections, with no company-specific news. Nvidia is the largest holding in major index funds like the S&P 500 ETF, Nasdaq-100 ETF, and a semiconduc...

Bearish
8 hours ago
Chip stocks plunge as AI momentum slows after midterm election results

Chip stocks plunge as AI momentum slows after midterm election results

Chip stocks including Sandisk, AMD, Micron, Western Digital, Seagate, Intel, and Nvidia saw sharp declines, with Sandisk down 20% and others falling over 15%. This selloff pushed the Nasdaq Composite toward its worst day since April 2025. Investors a...

Market News
Bearish
8 hours ago
AMD shares plunge 13% despite record profits amid fears of stricter AI regulations after US midterms

AMD shares plunge 13% despite record profits amid fears of stricter AI regulations after US midterms

AMD's stock dropped 13% following its strongest and most profitable quarter ever, as investors worry about potential AI regulations from a newly Democratic-controlled US Congress. NVIDIA and Intel also fell 7% and 8% respectively, amid concerns that ...

Market News
Bearish
8 hours ago
Nvidia stock could hit $350 in 2027 as earnings and demand surge amid AI growth.

Nvidia stock could hit $350 in 2027 as earnings and demand surge amid AI growth.

Nvidia's stock outlook for 2027 is strong, with analysts predicting a price target of around $350 per share, implying a 69% gain from current levels. This optimism is driven by expected 70% revenue growth in fiscal 2028, fueled by AI demand and a rap...

Analyst Insights
Bullish
9 hours ago
banner-footerbanner-footer

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