Investing.com -- NVIDIA (NVDA) is rebounding after Thursday's drop of 9.3%, its worst day since January 2025. All figures are as of Nov 6, 2026, 9:33 AM EST, early in the session. The stock is at $193.09 (+6.33%). Thursday's close was $181.60, after an intraday low of $181.46.
Dead-cat bounce or reset?
What triggered it
The selloff was sector-wide, not specific to Nvidia. Democratic midterm wins raised fears of tougher AI and data-center regulation. The Nasdaq 100 fell 6.4% and the Philadelphia Semiconductor Index fell about 12% ( Reuters via Investing.com , Nov 5). Nvidia fell less than AMD (-17%) and the memory names, which fell 16–22% ( Investing.com , Nov 6). Friday's bounce is dip-buying: Nasdaq 100 futures were up 1.4% pre-open ( Investing.com , Nov 6). One analysis warns that more pain may come for chip and AI-infrastructure names even if the week ends in a technical correction ( Investing.com , Nov 6).
Technical picture
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Trend:Price is -20% over 1 monthand about 20.7% below the Oct 6 high of $243.37. It sits below every daily moving average. The daily 20 EMA is 209.36, the 50 SMA is 219.93 and the 200 SMA is 204.70. The daily gauge reads Strong Sell.
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Broken support:The 200-day SMA at about 204.70 gave way on Nov 5. It is now the first overhead barrier.
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Momentum:Daily RSI hit 25.4on Thursday, the deepest oversold reading in this window, and is now 36.6. Stochastics are oversold (K ≈ 10). That favors a relief bounce, not a trend change.
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Trend strength:ADX is 28.9 with -DI at 42.3 against +DI at 10.1, so sellers still control the trend.
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Volume:Thursday's volume was 306M shares against a typical 90–150M. That looks like capitulation, but the bounce has to hold on calmer volume.
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Weekly view:The weekly summary is Sell. The weekly 100 SMA is about 174.84, and the weekly 50 SMA is about 200.25.
Levels
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Resistance:The 193–194 area is the gap-fill zone. Above it sit the Nov 4 close near 200, then the 200-day SMA at ~204.70 and the 20 EMA at ~209. The broken 50 SMA is near 220.
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Support:The Thursday low is 181.46. Below it is the July low area around 190, which has already been lost. The classical daily S2/S3 pivots are at 171.83 and 162.10. The 52-week low is 164.27.
Scenarios
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Bullish case:A hold above ~190 with a move through 200 and then the ~205 area would suggest the capitulation low is in. Even so, the 200-day SMA would need to be reclaimed before the damage is repaired.
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Bearish case:A bounce that stalls at 193–200 and then breaks 181.46 would complete a lower low. The next targets would be the 171.83 pivot and the 52-week low near 164.
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Context:Oversold bounces after volatility spikes often retrace part of the move. The question is whether the AI-regulation fear fades or builds.
A drop in NVIDIA (NVDA) below $181.46 would break the Nov 5 low. A rise above $204.70 would put NVIDIA (NVDA) back over the broken 200-day area.
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