NVDA Selloff Pulls Wall Street Lower
NVDA selloff erased $400.0-$500.0 billion and pushed U.S. indices lower, prompting risk-off flows and heightened uncertainty on AI valuations.
KEY TAKEAWAYS
- NVDA selloff erased about $400.0-$500.0 billion and pressured major U.S. indices.
- NVDA fell 3.0% to $182.09, extending its weekly decline to 9.4%.
- Dow was down 421 points at 12:34 ET; Nasdaq fell 1.8% and posted its worst week since March.
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Nvidia Corp.’s (NVDA) selloff erased roughly $400–$500 billion in market value on Nov. 6–7, 2025, dragging major U.S. indices lower amid AI-valuation concerns, weak private-sector jobs data, and a government shutdown that delayed key economic releases.
Nvidia Market-Cap Losses and Technical Outlook
Shares fell about 3% to $182.09 on Nov. 7, extending a weekly decline to 9.4%. The market-cap loss followed a tumble from a roughly $5 trillion peak, with estimates varying between $400 billion and $500 billion across outlets. No new company guidance or SEC filings appeared in the past 72 hours.
Technical analysis from Wicked Stocks on Nov. 7 identified near-term support at $18,120–$18,226 and resistance at $19,624 and $20,338. The note warned that a close below support could signal further declines toward $14,813 by year-end.
Tech Stocks Lead Market Decline
The Dow Jones Industrial Average fell 421 points, or 0.9%, as of 12:34 ET on Nov. 6, weighed down by the tech selloff. The Nasdaq composite dropped 1.8% that day, posting its worst week since March as investors remained unsettled by recent tech earnings. Premarket futures indicated further declines on Nov. 7.
Large-cap technology stocks reversed earlier AI-driven gains amid intensified correction warnings. Microsoft slipped 1.9% and Amazon fell 2.4% on Nov. 6. DoorDash plunged 15.2% after warning of higher product-development spending next year, while Datadog and Rockwell Automation gained following strong earnings. Shares of Robinhood and Tesla also declined, highlighting concentrated pressure among influential tech names.
The combination of Nvidia’s outsized market-cap swing, broad weakness in mega-cap tech stocks, and tight technical thresholds has left investors watching whether selling will ease or spread to other sectors.
