Nvidia closed at $200.13 on November 4, 2026, down 3.17%, while the Nasdaq Composite rose 1.44%. Financial media tied the decline to concerns about slower AI data center construction after Democratic midterm wins. Nvidia reports fiscal third-quarter results on November 17.
Nvidia (NVDA) closed at $200.13 on Wednesday, November 4, 2026, down $6.56, or 3.17 percent. The Nasdaq Composite rose 1.44% on the same day. The S&P 500 gained 1.58% to 7,688.62, and the Nasdaq Composite reached 25,736.51.
Financial media tied Nvidia's drop to a chip sell-off after Democrats' midterm wins, including the Texas governor's race, raised concerns about slower AI data center construction. No Nvidia-specific news or cause was reported. CNBC, citing Wells Fargo estimates, said Texas holds 27% of planned US data center gigawatts. Democrat Gina Hinojosa, who has proposed an immediate moratorium on state data centers, won the Texas governor's race.
Nvidia will publish its third-quarter earnings results on Nov. 17. The report covers fiscal Q3 2027, the quarter that ended October 25. The company said its results conference call is set for Tuesday, November 17, at 5 p.m. Eastern.
