TLDR
- Nvidia (NVDA) fell about 3% Friday and opened at $213.66, its lowest level since early August.
- The stock is on track for a drop of more than 9% in October, its worst month since November 2025.
- Earnings from Amazon and Intel raised cash flow worries and hit chip stocks.
- 96% of analysts surveyed by FactSet rate NVDA a Buy, with an average target of $334.
- KFA Private Wealth Group disclosed a new $3.55 million Nvidia position in its latest filing.
Nvidia (NVDA) stock fell about 3% on Friday after opening at $213.66. That puts it at its lowest level since early August.
The stock is on track to finish October down more than 9%. That would be its worst month since November 2025, when it fell 12.6%.
The wider tech sector sold off on Friday, and chipmakers dropped with it. Earnings from Amazon and Intel set off the move.
What Triggered the Chip Selloff
Both companies raised cash flow concerns with investors. Intel stock fell about 27%, while Amazon slipped about 2%.
Chip stocks have been under pressure for weeks over debt and the cost of AI spending. Friday’s reports added fuel to that worry.
Nvidia is up 11% in 2026. That is its weakest first 10 months of a year since 2022, which is a tough comparison for a stock people got used to seeing climb.
Where the Numbers Stand
Nvidia trades below its 50-day moving average of $221.99. It still sits above its 200-day average of $204.15.
The 12-month range runs from $164.27 to $243.37. The company has a market cap of $5.15 trillion and a PE ratio of 27.01.
Its last earnings report came on Aug. 26. Earnings per share were $2.22, beating the $2.09 analysts expected.
Revenue hit $96.22 billion against estimates of $92.27 billion. That was up 105.9% from a year earlier.
Nvidia’s board approved a $150 billion buyback on Sept. 28, which covers up to 2.8% of the stock. The company also pays a quarterly dividend of $0.25, a yield of 0.5%.
Wall Street has not backed away. FactSet says 96% of analysts rate Nvidia a Buy, and the average target of $334 implies upside of more than 60%.
MarketBeat counts five Strong Buy ratings, 49 Buy ratings and one Hold, with a consensus target of $321.47. Melius sits at $420, Royal Bank of Canada at $330 and Morgan Stanley at $230.
Risks flagged include competition, rising memory costs, customer concentration, regulatory scrutiny and insider selling. The stock also carries a beta of 2.22, so it tends to move more than the market.
Institutions own 65.27% of Nvidia. KFA Private Wealth Group just joined them with a new position of 15,530 shares worth about $3.55 million, or 0.8% of its portfolio.
Friday’s 3% drop leaves Nvidia heading toward its biggest monthly loss in nearly a year.
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