Nvidia Stocks Close at $186.64 After 10.7% Weekly Drop, Huang Memo, 17 November Results

Nvidia (NVDA) stocks closed at $186.64 on Friday 6 November, up 2.78 percent but down 10.7 percent for the week, per StockAnalysis. The weekly decline followed a 9.3 percent fall on Thursday, the stock's worst day since January 2025, as reported by Investing.com. A strong US jobs report on Friday raised December Federal Reserve rate hike odds to about 80 percent, weighing on growth stocks, while a Financial Times report on 7 November stated that a US memo alleges CEO Jensen Huang had a romantic relationship with an executive at Megaspeed, a Singapore-based Nvidia customer, whom US intelligence believes was recruited by China's Ministry of State Security. No charges have been brought and no public finding of wrongdoing has been made, and Nvidia declined to comment on the memo. The stock's quarterly results are scheduled for 17 November, with technical resistance at $193-$194 and $200, and support at Thursday's low of $181.46, according to Investing.com.

Friday's Price Action and Market Impact

Nvidia opened Friday at $191.10 and traded at $193.09 a few minutes after the bell, up 6.33 percent, according to Investing.com via Yahoo Finance. The stock reached $194.90, then gave back more than half of the gain to close at $186.64. The early high stopped at the $193-$194 gap left by Thursday's fall, which Investing.com's technical analysis marked as the first resistance. Friday's close was $186.64, up $5.04 or 2.78 percent, after a range of $185.22-$194.90 on about 180 million shares, StockAnalysis reported. After-hours trading was near $188.70.

The US added 165,000 jobs in October against about 65,000 expected, which lifted the odds of a December Fed rate hike to about 80 percent, according to GoldSilver citing CME FedWatch. Higher rates weigh hardest on expensive growth stocks. The S&P 500 rose 0.31 percent on Friday, Rio Times reported, a small recovery after Thursday's AI rout. Schwab Network's Rob Luna described Thursday's sell-off as a "delayed reaction" to the midterm result. Thursday's 9.3 percent fall to $181.60 came on worries that a Democratic Congress will slow data-center building, and Microsoft's reported tightening of some neocloud projects, according to the source article.

US Memo Alleges Huang Relationship With Intelligence-Linked Executive

The Financial Times reported on 7 November that a memo written by US officials earlier this year says chief executive Jensen Huang had a romantic relationship with an executive at Megaspeed, a Singapore-based Nvidia customer, whom US intelligence believes was recruited by China's Ministry of State Security. No charges have been brought and no public finding of wrongdoing has been made, and Nvidia declined to comment on the memo.

The report came after senior Republican House committee chairmen asked Huang for a closed-door briefing, following a New York Times report on 5 November about the same intelligence, CNBC and Invezz reported. The memo story broke after Friday's close, so Monday's open is the first chance for the stock to react to it.

Technical Chart Analysis

Investing.com's technical review puts resistance at the $193-$194 gap, the 4 November close near $200 and the 200-day simple moving average near $204.70. Support sits at Thursday's low of $181.46, then the daily pivot levels at $171.83 and $162.10, with the 52-week low at $164.27. The daily RSI recovered to 36.6 from 25.4 on Thursday, out of oversold territory but not yet strong.

The stock's 52-week range is $164.27 to $243.37, with a market value of about $4.51 trillion, according to StockAnalysis. The stock is below its 20-, 50- and 200-day moving averages ahead of results.

Analyst Ratings and Earnings Schedule

62 analysts rate the stock a "Strong Buy" on average, with a 12-month target of $327.14, StockAnalysis reported. The quarterly results are scheduled for 17 November, according to market calendars. Nvidia's investor relations page did not yet list the event when checked.

Reference Price Scenarios

The source article provides three reference scenarios measured from the $186.64 closing price:

Bear ($172): The memo story and rate worries keep selling going, Thursday's $181.46 low breaks and investors cut exposure before results. This level is anchored to Investing.com's $171.83 pivot support, about 7.9 percent below $186.64.

Base ($181-$194): The stock holds Thursday's low but buyers wait for 17 November before paying above the gap. This range is between Thursday's $181.46 low and the $193-$194 gap.

Bull ($200): CPI on 10 November eases hike fears, the gap fills and buyers position for results. This level is the 4 November close near $200, about 7.2 percent above $186.64.

The bear case sits below Friday's close. These are reference levels measured from the verified closing price, not forecasts.

Week-Ahead Scheduled Events

Monday's open is the first trading reaction to the Huang memo report. US October CPI is scheduled for Tuesday 10 November at 8:30 a.m. ET. CoreWeave and D-Wave are scheduled to report the same day. A close below Thursday's low of $181.46 opens the $172 pivot. Nebius is scheduled to report on 11 November and Cerebras on 12 November; these AI infrastructure results will shape expectations for Nvidia's own report. Nvidia's results and guidance are scheduled for 17 November.

FAQ

What is the Nvidia stock price on Friday 6 November?

Nvidia closed Friday 6 November at $186.64, up 2.78 percent, and traded near $188.70 after hours, according to StockAnalysis.

Why did Nvidia stocks fall over the week?

Thursday's 9.3 percent drop came on worries that a Democratic Congress will slow AI data-center building, and Friday's strong jobs report raised December rate hike odds. The stock lost about 10.7 percent over the week.

When does Nvidia report earnings?

Nvidia's quarterly results are scheduled for 17 November, according to market calendars cited by StockAnalysis.