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Summary
Nvidia (NVDA) closed at $216.47 on October 20, 2026, down 0.29%.
Reuters reported more than $35 billion in chip orders from ByteDance, Alibaba and Tencent, but said Nvidia may fill only a small part of them.
Financial media tied the pre-market dip to that supply caveat, and Reuters noted US export controls still restrict which Nvidia chips Chinese buyers can get.
Gotrade News - Nvidia (NVDA) closed at $216.47 on Tuesday, October 20, 2026, down $0.62 or 0.29% in the US session. The day's main Nvidia stock news was a Reuters report of more than $35 billion in chip orders from ByteDance, Alibaba (BABA) and Tencent, and financial media tied the stock's pre-market dip to the report's caveat that Nvidia may fill only a small part of them.
NVDA Trading Data
Data
Value
Closing price
$216.47
Change
-$0.62 (-0.29%)
Previous close
$217.09
Open
$215.98
Day range
$212.77 to $218.46
Volume
79.0 million shares
30-day average volume
106.6 million shares
52-week range
$164.27 to $243.37
Market cap
$5.22 trillion
Regular-session close on Tuesday, October 20, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Nvidia opened below Monday's close of $217.09 and slid to a session low of $212.77. It then recovered to a high of $218.46, briefly above the prior close, and finished $3.70 above the day's low. Volume ran 25.93% below the stock's average.
Nvidia underperformed the major indices. The Nasdaq Composite slipped 0.02% to 26,424.82, the S&P 500 rose 0.28% to 7,712.57 and the Dow Jones Industrial Average gained 1.02% to 52,495.88, leaving Nvidia 0.27 percentage points behind the Nasdaq. Chip names were mixed: AMD (AMD) fell 0.62%, while TSMC (TSM) rose 1.16%.
Outside equities, the US 10-year Treasury yield eased 1.9 basis points to 5.12%. At the close, Nvidia sat 11.05% below its 52-week high and 31.78% above its 52-week low.
According to Reuters, ByteDance, Alibaba and Tencent have ordered more than 3 million RTX PRO 5500 workstation graphics cards, worth over $35 billion at a sticker price of about $11,400 each, citing people familiar with the matter. The report said Nvidia has told customers and partners it may not be able to fill the orders because Chinese demand far exceeds planned production, and one source said partners might receive only 5% to 10% of the quantities requested.
As reported by TipRanks, Nvidia shares edged lower in pre-market trading after the report, and the outlet linked the dip to the chance that the chipmaker can fulfill only a tiny portion of the order. In a statement quoted by Reuters, an Nvidia spokesperson said Chinese producers of workstation chips have seen "unprecedented growth since 2022" and blamed "outdated US export controls" as well as China's own limits on US imports.
NVDA Stock Analysis: Supporting Factors and Risks
Supporting Factors
Chinese demand is large: two Reuters sources said total orders from Chinese customers exceed 6 million RTX PRO 5500 cards, and three sources said buyers want them mainly for AI inference.
The product roadmap is moving: Reuters reported that, starting in 2027, Nvidia is expected to devote much of its TSMC capacity to its Rubin platform.
The manufacturing partnership runs deep: per Benzinga, Jensen Huang has said TSMC has been "jumping through hoops" for Nvidia for 30 years.
Risks
Supply limits: one Reuters source said Nvidia could produce no more than 3 million RTX PRO 5500 cards globally in 2027.
Export controls: per Reuters, US rules bar sales of the Blackwell-based B300 to Chinese buyers and H200 exports need case-by-case licenses, and Jensen Huang has said the restrictions cut Nvidia's share of China's AI data-center chip market from a near monopoly to effectively nothing.
Competition in China: TipRanks, citing IDC data, said Nvidia's AI accelerator shipments to China fell 44% year over year to 678,000 units in the first half of the year, as the company loses ground to rivals such as Huawei.
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.
