Howard Smith, The Motley Fool Thu, November 5, 2026 at 5:09 PM EST 2 min read NVDA -9.22% ^GSPC -4.36% ^IXIC -5.52% AMD -16.99% AVGO -10.06% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia (NASDAQ:NVDA), the provider of AI accelerators, GPUs, and high-performance networking chips, closed at $181.60, down 9.26%. Investors were selling AI and chip names as election-related uncertainty and demand worries intensified, and they are watching the Nov. 17 quarterly update.Trading volume reached 300.4 million shares, coming in about 157% above its three-month average of 116.7 million shares. Nvidia IPO'd in 1999 and has grown 442,644% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 4.36% to 7,354, and the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 5.52% to 24,315. Among makers of semiconductors and networking and compute platforms, Advanced Micro Devices closed at $404.40, down 17.26%, and Broadcom closed at $291.53, down 10.43%, underscoring the broad AI-chip sell-off.
Today, Nvidia shares sank alongside other AI chipmakers as investors rotated away from the group; the move reflected skepticism about demand and policy uncertainty rather than company-specific news. While AMD and others continue to suggest that data center-related demand remains strong, the midterm election results have market watchers wondering if that could soon change.
Investors should remember, though, that buyers of Nvidia's products span the country and the globe. The company has said it expects sales to jump another 70% in the next fiscal year, and it would be higher without supply constraints. Nvidia's stock is now at its lowest level since April and is down 2.5% year to date. It looks to be a compelling buy around these levels.
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Howard Smith has positions in Broadcom and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Broadcom, and Nvidia. The Motley Fool has a disclosure policy.
Stock Market Today, Nov. 5: Nvidia Slides on AI Chip Selloff as Election Uncertainty Weighs was originally published by The Motley Fool
