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Nvidia shares drop 23.5% in a month amid concerns over data center demand growth.

Market News
06 Nov 2026, 15:49 WIB
Finbold
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Bearish
Nvidia shares drop 23.5% in a month amid concerns over data center demand growth.

Nvidia's stock has fallen 23.53% over the past month, with shares currently trading at $181.6, down from $200.13 last week. This decline comes despite the company reporting a strong 106% year-over-year revenue growth in its latest quarter. The main concern is whether data center infrastructure will expand fast enough to maintain demand for Nvidia's GPUs, which could impact future orders. Analysts remain optimistic, with an average price target of $322.5, anticipating significant upside potential. Nvidia's next key event is its Q3 earnings report scheduled for November 17.

As of Nov 06, 2026 21:01 WIB, Nvidia shares on Pluang trade at USD 189.56, showing a 1-day gain of 4.38%. Despite recent monthly declines noted in the news, the stock sees balanced trading activity with 49% of orders to sell and 51% to buy. The typical holding period on Pluang is 118 days, indicating a medium-term investor interest in the stock.

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