NVIDIA shares closed at $186.64 on November 6 after rebounding 2.8% from a 9.26% single-day drop the prior session that erased over $400 billion in market value amid concerns over data-center spending scrutiny and AI demand sustainability. The stock trades well below its October peak near $239 yet reflects robust fundamentals, with fiscal Q2 revenue surging over 100% year-over-year to $96.2 billion and data-center growth exceeding 117%, supported by high gross margins near 75%. Analyst consensus targets remain elevated around $327–$340, though near-term sentiment hinges on the November 17 earnings release, where management is expected to guide fiscal Q3 revenue near $108–$109 billion. Traders are monitoring volatility around these levels heading into the final trading days of November.
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