Nvidia Drops 8.6% as Post-Election AI Regulation Fears Slam Chip Stocks
NVDA is trading near its 52-week low of $164.27 (11% above the low).
Summary
Nvidia fell 8.6% to $182.94 by early afternoon Thursday, its biggest one-day drop since March 2025, wiping out all of its 2026 gains. The selloff is sector-wide and tied to a wave of election wins by critics of AI and data centers, plus worry that new rules will slow model training and cut chip demand. AMD fell 15%, Micron 15%, Qualcomm 10%, Broadcom 8.7% and Intel 7%; Qualcomm's weak earnings added to the pressure. For a company that just posted $96.2B in quarterly revenue with Data Center up 117% and guided Q3 to $108B, the move is about regulatory risk to future demand, not current results.
At the time of this announcement, NVDA was trading at $182.47 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.4T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.