Nov 6, 2026
NVIDIA stock fell 9.3% on Thu, Nov 5 as Mag7 lost over $1 trillion
NVIDIA closed at $181.60 on Thu, Nov 5, down 9.26%. CNBC said the Magnificent Seven lost more than $1 trillion in market value, with Nvidia leading at more than $440 billion, as investors fretted that AI data-center buildout could slow after the midterms. The Nasdaq fell 5.52% into a correction.
Sir Toastimir
Footage: NVIDIA, NYSE (YouTube)
Not financial advice. This is a news recap, not a recommendation about any stock.
NVIDIA stock fell 9.26% on Thu, Nov 5, closing at $181.60, down from $200.13 on Wednesday. CNBC reported that the Magnificent Seven lost more than $1 trillion in aggregate market value, with Nvidia leading at a loss of more than $440 billion.
The market on Thursday
The S&P 500 fell 4.36% to 7,353.73. The Nasdaq Composite fell 5.52% to 24,315.00 and finished in correction territory, more than 10% below its all-time high set last month (AP said about 11.9% below). The Dow Jones Industrial Average fell 1,833.06 points, or 3.44%, to 51,523.06. AMD fell 17.26% to $404.40. Micron fell 17.46% to $656.39. Broadcom fell 10.43% to $291.53. The Philadelphia Semiconductor Index fell about 12.25%, its worst session since March 2020. CNBC said the Technology Select Sector SPDR Fund (XLK) fell 8.04%, its worst daily performance since March 16, 2020, and that Thursday's S&P, Dow and Nasdaq moves were the steepest one-day declines since the April 2025 tariff shock.
Why it moved
AP and CNBC attributed the AI and tech selloff to investor fears that data-center development and AI infrastructure buildout could slow after the midterm election results. NBC also pointed to weak Qualcomm and Arm earnings as a trigger alongside those election-night concerns. NBC said Nvidia's about 9.2% drop was its largest one-day decline since April 2025.
Footage in the video
Clips are from NVIDIA's official YouTube channel (Blackwell manufacturing and AI factory footage) and NYSE public footage. Links are below.
Links
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