Nvidia Stock Falls 4% As AMD Jumps 13% In Chip Rally

Nvidia (NVDA) edged higher in early US premarket trading on Tuesday after falling on Monday as other chip stocks rallied. The board investigation involving CEO Jensen Huang could limit the rebound. Investors are watching CoreWeave’s earnings for clues about AI chip demand and the bond market’s reaction to US inflation. If sellers return, $167 is the first support level to watch.

Nvidia Lags AMD as Investors Weigh the Board Probe

Nvidia (NVDA) dropped 4.27% to $178.67 on Monday, which is the lowest close since April 7. The drop came on a strong day for chip stocks. The PHLX Semiconductor Index gained 6.9%, and AMD jumped 13.3%. Nvidia edged higher in early U.S. premarket trading on Tuesday.

Nvidia’s board opened an independent investigation on Sunday after reports that a foreign intelligence operation had targeted CEO Jensen Huang. The board said it still backed Huang and had no reason to believe U.S. national security or company secrets were compromised. As per the latest report by Reuters, the FBI was also examining the matter. The inquiries add uncertainty around Nvidia’s leadership ahead of earnings.

CoreWeave reports earnings after Tuesday’s U.S. close. The Nvidia-backed cloud provider’s spending plans could show how quickly it expects to add AI computing capacity. A slower buildout could delay orders for new chips. Nvidia reports its own results on Nov. 17.

Higher Treasury Yields Could Slow Nvidia’s Rebound

The 10-year U.S. Treasury yield rose to 4.88% on Monday from 4.86% on Friday. It remains below the 5.24% reading from Oct. 9. The next direction for the yields will depend on the US inflation data, which may drive the next move. Higher yields can reduce what investors are willing to pay for future profits.

Nvidia Stock Support Levels at $167 and $152

From a technical perspective, Nvidia has traded within an ascending broadening wedge since July 2025. The lower trendline offers support near $167. Nvidia fell to $170.24 on November 9 and rebounded from that low, and shows a constructive candle above this support. The stock still closed Monday down 4.27%.

The widening pattern points to continued volatility in Nvidia shares. A break below $167 could open the way for a further decline towards $152, near the November 2024 highs. The long-term uptrend remains intact as long as Nvidia stays above $152. A break below that level could lead to a deeper correction towards $100.

The daily RSI has entered oversold territory, which could support a rebound. The weekly RSI is near the level it reached in April 2025, when Nvidia bottomed at $86.62 before rallying to a record high near $243. The current correction may offer a buying opportunity for long-term investors.

Conclusion

Nvidia could recover some of Monday’s losses if CoreWeave signals steady AI spending and Treasury yields ease after the US inflation report. The board investigation may keep investors cautious ahead of Nvidia’s Nov. 17 earnings, when the company will give its own outlook for chip demand.

The first test for buyers is support near $167. If buyers defend that level, the oversold daily RSI leaves room for a rebound. A break below $167 would bring $152 into focus. The long-term uptrend remains intact above $152, while a break below that level could lead to a deeper correction towards $100.