Nvidia Slides 8% as Post-Election Chip Selloff Turns Stock Negative for 2026
NVDA is trading near its 52-week low of $164.27 (11% above the low).
Summary
Nvidia shares fell about 8% Thursday, dragging the stock into negative territory for 2026 — down roughly 2% year-to-date — and putting it on track for its worst annual performance since 2022. The drop is part of a broad post-election rout in chip stocks that has the Nasdaq composite headed for its worst day since the 2025 tariff turmoil. The move comes after a strong run of fundamentals: Q2 FY27 revenue doubled year-over-year to $96.2B with Data Center up 117%, and the company guided Q3 to $108B. Nothing in the report points to a company-specific catalyst — this is a sector-wide de-rating hitting the AI bellwether hardest.
At the time of this announcement, NVDA was trading at $182.85 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.