AI-powered contentSome parts of this article are powered by AI.
Share this article
Summary
Nvidia (NVDA) closed at $213.66 on October 29, 2026, down 0.80%, a smaller loss than the Nasdaq Composite's 1.38% drop.
Financial media tied the day's tech weakness to Alphabet's quarterly results, and no report reviewed named an Nvidia-specific cause.
After the close, reports covered Jensen Huang's comments on a Singapore customer under U.S. investigation and Justice Department questions about the Hugging Face deal.
Gotrade News - In the latest Nvidia stock news, Nvidia (NVDA) closed at $213.66 on Thursday, October 29, 2026, down $1.72 or 0.80% in the US session. Nvidia stock lost less than the Nasdaq Composite, which fell 1.38% as financial media tied the day's tech weakness to quarterly results from Alphabet (GOOGL), and no report reviewed for this article named an Nvidia-specific cause.
NVDA Trading Data
Data
Value
Closing price
$213.66
Change
-$1.72 (-0.80%)
Previous close
$215.38
Day range
$212.08 to $215.32
Volume
77.6 million shares
30-day average volume
104.1 million shares
Market cap
$5.15 trillion
Regular-session close on Thursday, October 29, 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. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Nvidia never traded above Wednesday's close during the session. It topped out at $215.32, slipped to a low of $212.08 and finished $1.58 above that low. Trading was lighter than usual, with volume running 25.46% below its average.
The 0.80% loss was 0.58 percentage points smaller than the Nasdaq Composite's 1.38% drop, but larger than the S&P 500's 0.30% decline and the 0.25% dip in the Dow Jones Industrial Average. The US 10-year Treasury yield eased 5.6 basis points to 4.99%.
Most chip peers fared worse. Broadcom (AVGO) fell 1.94%, AMD lost 2.08% and TSMC slipped 1.75%. Marvell (MRVL) dropped 13.24% after reports that it is in talks to buy Lumentum, as reported by Yahoo Finance, while Alphabet fell 12.64%.
No report reviewed for this article tied Thursday's drop to news from Nvidia itself, so the move is best read against the market. According to Yahoo Finance, Alphabet's third-quarter results failed to impress investors, with concerns about its free cash flow and return on AI investment weighing on the stock. The same report said investors continue to scrutinize whether heavy AI spending is translating quickly enough into earnings growth across Big Tech, and that the iShares Semiconductor ETF (SOXX) skidded.
Two Nvidia stories landed after the close. Per Stocktwits, Chief Executive Jensen Huang told Bloomberg in an interview on Thursday that Nvidia's dealings with Megaspeed, a Singapore-based cloud customer under U.S. investigation, were ordinary business, and that Nvidia had checked the firm did not illegally ship its AI processors to China. "We've studied all their deployments of our GPUs and counted every one," Huang said.
Separately, TheStreet reported, citing Reuters, that the U.S. Department of Justice is asking whether Nvidia's control of Hugging Face could hurt competition in AI. Stocktwits said that inquiry was reported earlier in the week, and TheStreet noted the Justice Department has not formally charged Nvidia.
NVDA Stock Analysis: Supporting Factors and Risks
Supporting Factors
Nvidia held up better than the Nasdaq Composite and most chip peers in a session led lower by Alphabet.
In its September 3 announcement of the roughly $12.93 billion Hugging Face deal, Nvidia said the platform "will remain an open platform for the entire AI ecosystem" and that "NVIDIA compute will not be required to build on or deploy through Hugging Face."
Nvidia told Bloomberg and CNBC that earlier allegations that Megaspeed helped companies evade U.S. export controls "were thoroughly investigated and debunked last year," according to Stocktwits.
Risks
The Justice Department's questions reportedly extend to Nvidia's acquisitions of SchedMD and Run and a 2025 deal with Groq, according to TheStreet, citing Reuters. TheStreet said the Hugging Face deal is expected to close in the first half of 2027, subject to regulatory clearance.
Stocktwits, citing The New York Times, reported that U.S. intelligence agencies concluded a former top Megaspeed executive was a Chinese intelligence asset.
China has blocked imports of U.S. AI chips, which Nvidia said led to large inventory write-offs last year, per Stocktwits.
Investor scrutiny of whether Big Tech's AI spending is paying off weighed on chip stocks on Thursday, as Yahoo Finance reported.
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.
