Nvidia Stock (NVDA) Rises 2.9% as Chip Stocks Rally (Nov 11)

M Alfathan RahmanM Alfathan RahmanHendrie Saputra
Reviewed by Hendrie Saputra
AI-powered contentSome parts of this article are powered by AI.

Share this article

Nvidia Stock (NVDA) Rises 2.9% as Chip Stocks Rally (Nov 11)

Summary

  • Nvidia (NVDA) closed at $173.73 on November 11, 2026, up 2.87%, ending a two-day losing streak.
  • Yahoo Finance tied the rebound to a chip-sector rally after CoreWeave's quarterly results.
  • After the close, The Wall Street Journal reported the board was preparing to oust CEO Jensen Huang, per CBS News, and the shares fell in after-hours trading.

Gotrade News - In the latest Nvidia stock news, Nvidia (NVDA) closed at $173.73 on Wednesday, November 11, 2026, up $4.84 (+2.87%) in the US session. Nvidia stock rebounded as chip stocks rallied after CoreWeave's quarterly results, according to Yahoo Finance, while reports on CEO Jensen Huang's future landed only after the close.

NVDA Trading Data

DataValue
Closing price$173.73
Change+$4.84 (+2.87%)
Previous close$168.89
Open$172.80
Day range$170.77 to $177.54
Volume339.2 million shares
30-day average volume137.2 million shares
52-week range$164.27 to $243.37

Regular-session close on Wednesday, November 11, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 12, 2025. Indices: Yahoo Finance daily closes for the same date.

Follow NVDA's latest price on our Nvidia (NVDA) stock price today page.

Read also: Gotrade Daily: Nvidia CEO Decision, Cisco and AMAT Tonight

How NVDA Traded in the Session

Nvidia opened at $172.80 and traded between $170.77 and $177.54, settling $2.96 above its session low. Volume reached 339.2 million shares, 147.27% above the 137.2 million average, as the stock ended a two-day losing streak, as reported by Yahoo Finance.

The move beat the Nasdaq Composite by 1.27 percentage points. The Nasdaq Composite rose 1.60% to 25,466.19, the S&P 500 gained 1.31% to 7,619.38 and the Dow Jones Industrial Average added 0.49% to 52,486.49. Nvidia still trailed much of the chip group: CoreWeave (CRWV) jumped 24.71%, Micron (MU) climbed 11.89% and AMD rose 7.32%.

Even after the gain, the stock closed 28.61% below its 52-week high of $243.37 and 5.76% above its 52-week low of $164.27.

Read also: Cardinal Health Approves $0.5158 Quarterly Dividend

Why Nvidia Stock Rose

Financial media tied the gain to a sector-wide move. Per Yahoo Finance, Nvidia rebounded on Wednesday as the overall chip sector surged on the heels of CoreWeave's better-than-expected results, with semiconductors leading the market higher.

According to CoreWeave's third-quarter release dated November 10, the AI cloud provider posted revenue of $3.661 billion, up from $1.365 billion a year earlier, and raised its full-year 2026 revenue guidance to a range of $13.0 billion to $13.3 billion. CoreWeave also said it expects about $9 billion in customer prepayments and deposits in the next three months, and the release names NVIDIA Vera Rubin NVL72 and GB300 NVL72 rack deployments.

The company-specific news came later. After the close, The Wall Street Journal reported that Nvidia's board was preparing to oust Huang, according to CBS News, and the shares fell in after-hours trading. The New York Times separately reported a second relationship between Huang and an Nvidia executive, as reported by Yahoo Finance. Both reports came after the regular session had ended.

NVDA Stock Analysis: Supporting Factors and Risks

Supporting Factors

  • CoreWeave, whose release names NVIDIA Vera Rubin NVL72 and GB300 NVL72 deployments, raised its 2026 revenue guidance to $13.0 billion to $13.3 billion, according to the company.
  • In its November 8 statement, Nvidia's board said it has "no reason to believe that either national security or NVIDIA secrets were compromised" while its review continues.

Risks

  • The Wall Street Journal reported after the close that the board was preparing to oust Huang, per CBS News, leaving the CEO's tenure in question.
  • The board is running an independent investigation, overseen by a committee of independent directors with outside counsel, into reports that Huang was the target of a foreign intelligence effort, according to the company.
  • Baird revised its view on the stock before the open, citing uncertainty over possible U.S. government action and the CEO's tenure, according to Yahoo Finance.

Nvidia is scheduled to publish its earnings report for fiscal third-quarter 2027 on Tuesday, November 17, with a conference call at 5 p.m. ET, according to the company's announcement.

This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.

Sources

Add as a preferred source on Google

Disclaimer

Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.


M Alfathan Rahman
Written by
M Alfathan Rahman
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Read more
Hendrie Saputra
Reviewed by
Hendrie Saputra
Expert Reviewer
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
Read more

Related Articles

Welcome Reward up to $1,888

Create an account and trade US stocks on Gotrade

Download app

*Terms & conditions apply