AI-powered contentSome parts of this article are powered by AI.
Share this article
Summary
Nvidia (NVDA) fell 1.26% to close at $202.06 on Monday, November 2, 2026.
Financial media reported no Nvidia-specific news and tied the drop to a broad selloff in chip and technology stocks, where AMD, Intel and Marvell fell harder.
The decline was close to the Nasdaq Composite's 1.07% fall, and Nvidia's next earnings report is due on November 17, according to the company.
Gotrade News - In the latest Nvidia stock news, shares of Nvidia (NVDA) fell 1.26% to close at $202.06 on Monday, November 2, 2026. Nvidia stock slipped as financial media tied the session's losses to a broad selloff in chip and technology stocks rather than to any company-specific news.
NVDA Trading Data
Data
Value
Closing price
$202.06
Change
-$2.58 (-1.26%)
Previous close
$204.64
Open
$207.59
Day range
$201.66 to $209.98
Volume
119.3 million shares
30-day average volume
102.8 million shares
52-week range
$164.27 to $243.37
Market cap
$4.87 trillion
Regular-session close on Monday, November 2, 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 3, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Nvidia opened at $207.59, above Friday's close, and traded between $201.66 and $209.98 before ending the day just $0.40 above its low. Volume reached 119.3 million shares, 16.05% above the 102.8 million-share average, pointing to heavier trading than usual.
The decline was close to the broader tech benchmark. The Nasdaq Composite fell 1.07% to 25,164.36 and the S&P 500 slipped 0.51% to 7,541.40, while the Dow Jones Industrial Average rose 0.41% to 51,983.98. Nvidia trailed the Nasdaq by 0.19 percentage points, and the US 10-year Treasury yield eased 3.5 basis points to 4.89%.
Other chipmakers fell harder. AMD dropped 7.52%, Intel lost 8.80% and Marvell fell 12.72%, while Micron declined 5.78%, TSMC eased 1.85% and Broadcom slipped 1.18%. Nvidia closed 16.97% below its 52-week high and 23.00% above its 52-week low.
None of the sources reviewed for this article reported Nvidia-specific news on Monday, and the drop tracked a wider selloff in chip and technology stocks. According to CNBC, the Nasdaq and S&P 500 fell after giving up early gains as investors continued to move out of tech stocks and continued to scrutinize names related to the AI buildout.
Chipmakers took the heaviest hits. As reported by The Motley Fool, AMD shares, which fell nearly 11% on Friday, sold off further on Monday amid broader chip stock weakness, with no AMD-specific news. Per CNBC, Marvell fell after agreeing to buy Lumentum in a $115 billion deal, and Oracle declined after announcing a $10 billion stock offering and a $10 billion bond sale to fund its AI buildout.
NVDA Stock Analysis: Supporting Factors and Risks
Supporting Factors
Nvidia generated $89 billion of data center revenue in its most recent quarter, against $6.7 billion for AMD's entire data center segment, according to The Motley Fool.
Nvidia has guided fiscal third-quarter revenue of $108.0 billion, plus or minus 2%, and its revenue topped the high end of its own forecast range in each of its last 10 reports, according to a separate Motley Fool analysis.
Risks
Investors kept questioning companies tied to AI infrastructure spending, and CNBC noted that worries about AI spending weighed on tech stocks through October.
Strong results have not always lifted the shares: The Motley Fool noted that the stock fell on the next trading day after six of its last 10 reports, even though revenue beat the top of guidance each time.
The Motley Fool described AMD as the most credible alternative for AI companies that want a second source of computing power, and AMD began shipping its Helios rack-scale systems, built on MI450 chips, in September.
Nvidia's next earnings report, covering the fiscal 2027 third quarter that ended October 25, 2026, is due on Tuesday, November 17, with a conference call at 5 p.m. ET, according to the company's official announcement.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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 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.
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.
