Why Broadcom and Nvidia Stocks Fell Today — November 5, 2026

Checked November 5, 2026, at 4:26 p.m. Eastern Standard Time (EST, UTC−05:00; 21:26 UTC).

Broadcom and Nvidia shares fell sharply in the November 5 U.S. trading session as a selloff in artificial intelligence and semiconductor stocks spread across Wall Street. The supplied delayed Yahoo Finance data puts Broadcom at $291.53, down 10.43%, and Nvidia at $181.60, down 9.26%, compared with their respective previous closes. Those exact prices could not be independently confirmed because Yahoo’s quote pages were unavailable when checked; they should be treated as provisional.

Investors were weighing the possibility that the U.S. midterm election results could lead to greater opposition to AI data centers, adding to existing concerns about financing costs and elevated stock valuations. That is a reported market explanation, not proof that a specific policy change or company announcement caused either stock’s decline. The Associated Press reported that the S&P 500 fell 4.4% and Nvidia declined 9.3%.

Destaques

• Supplied delayed data shows Broadcom down 10.43% and Nvidia down 9.26%; the exact closing prices remain unconfirmed independently.
• Concerns about data center expansion, financing costs and AI valuations were part of the backdrop to the broader selloff.
• The election raised questions about future policy; it did not itself establish a new nationwide restriction on data center construction.
• The next major scheduled U.S. economic release is the October jobs report on November 6, before the next regular stock session.

What happened to Broadcom, Nvidia and the U.S. market?

The supplied session figures compare Broadcom’s $291.53 with a previous close of $325.48, a decline of $33.95 per share. Nvidia’s indicated $181.60 compares with $200.13, a decline of $18.53. The figures are rounded to cents and reflect the regular-session snapshot supplied for November 5, not subsequent after-hours trading.

The direction and approximate scale of Nvidia’s decline are supported by the AP’s post-session report, although that report does not independently establish both supplied closing prices. The AP also reported that the Nasdaq Composite closed at 24,315.00 and the S&P 500 at 7,353.73. Losses broadened during the day, though some individual stocks rose. Nvidia’s substantial index weight meant its decline had an outsized effect on the S&P 500.

Both chipmakers had already fallen in the previous session even as broader indexes rose after the election. That distinction matters: Thursday’s selloff did not simply reverse gains in these two stocks from Wednesday. It extended weakness in the semiconductor names while a wider market rally came undone.

Why did AI and semiconductor stocks fall?

The clearest common thread was concern about the pace and cost of building AI infrastructure. AP reported that Democratic election victories raised the possibility of government pauses on data center construction, amid public concerns about AI and electricity costs. If projects are delayed or canceled, customers could eventually need fewer chips and related networking equipment than investors previously anticipated.

That chain remains conditional. An election result is not the same as an enacted construction ban, and a possible delay in a project is not an announced cancellation of an order. Share prices reflect investors’ changing expectations as well as actual business results; they cannot identify which concern drove a precise portion of the move.

The policy question landed on top of existing worries. AP cited the cost of borrowing for data center construction and concerns that AI stock prices had risen too far. Even with strong demand, expensive financing can affect the economics and timing of new projects. Investors may also reassess how much they are willing to pay for expected future growth.

Were Broadcom and Nvidia earnings responsible?

The evidence reviewed does not establish a new earnings announcement from either company as the cause of Thursday’s drop. Their recent results instead show why investors watch the AI spending cycle closely. In its fiscal third-quarter report, Broadcom said AI semiconductor revenue was $16.7 billion, up 221% from a year earlier. The company also sells infrastructure software and other semiconductor products, so its business is broader than AI chips alone.

Nvidia reported $96.2 billion in revenue for its fiscal second quarter, up 106% year over year, according to its financial reports. Those historical results demonstrate substantial demand during the period reported; they do not guarantee future spending or explain the entire one-day share move. The two companies also have different product mixes and customer exposures, so their stocks need not respond identically to the same news.

What could move the next trading session?

The next regular U.S. stock session is Friday, November 6. Before it opens, the Bureau of Labor Statistics is scheduled to release the October Employment Situation report at 8:30 a.m. EST in New York and Washington (UTC−05:00; 13:30 UTC), according to the BLS calendar. Employment, unemployment and wage figures can influence expectations for interest rates and economic growth, although the market’s reaction will depend on the details and what investors had expected.

• Bull case: If the jobs data eases rate concerns without signaling a sharp economic deterioration, and AI shares find buyers, Broadcom and Nvidia could recover some ground.
• Base case: If the data gives mixed signals and no major company or policy news emerges, shares could remain volatile as investors reassess the prior day’s losses.
• Bear case: If the report worsens rate or growth fears, or fresh evidence points to slower AI investment, selling could continue.

These are possibilities, not forecasts or price targets. Investors can also watch Treasury yields, semiconductor peers and any actual customer spending or regulatory announcements. Nvidia’s next scheduled earnings call, identified in its prior earnings-call transcript as November 17, is a later opportunity to assess demand and guidance; it is not a next-session event.

FAQ

Why was Nvidia down on November 5?

Nvidia fell alongside other AI-related stocks as investors considered data center policy risk, financing costs and valuations. No single cause for its exact decline has been established.

Why did Broadcom fall more than Nvidia?

The supplied delayed figures show a larger percentage decline for Broadcom, but they do not establish why. Differences in business exposure and investor positioning are possible explanations, not verified measurements of the cause.

Will the stocks rebound on November 6?

That is unknown. The jobs report, interest-rate expectations and any new information about AI spending could affect trading in either direction.