Nvidia (NVDA +2.87%), the leading manufacturer of artificial intelligence (AI) chips and data center computing systems, rebounded 2.87% on Wednesday, November 11, closing at $173.73 as strong earnings from CoreWeave (CRWV +24.71%) helped restore confidence in the AI trade. The rally followed Tuesday’s steep sell-off, with investors finding renewed optimism in CoreWeave’s surging revenue and growing demand for AI infrastructure.
Trading volume reached 266.6 million shares, more than double its three-month daily average of 129.6 million, underscoring strong investor interest in the rebound. With Nvidia scheduled to report earnings on November 17, attention is turning to whether the chipmaker can sustain its growth momentum amid ongoing concerns about China restrictions and uncertainty surrounding CEO Jensen Huang.
NVDA Nvidia
$173.73+$4.84 (+2.87%)
NASDAQ · As of 4:00 PM ET 11/11/26
How the markets moved today
Wall Street rebounded sharply on Wednesday, with technology stocks leading the recovery following Tuesday’s inflation-driven sell-off. The S&P 500 (^GSPC +1.31%) climbed 1.29% to 7,618, while the tech-heavy Nasdaq Composite (^IXIC +1.60%) advanced 1.60% to 25,466.
Semiconductor stocks were among the session’s strongest performers, with Advanced Micro Devices (AMD +7.32%) surging 7.32% to $552.90 and Broadcom (AVGO +3.99%) gaining 3.99% to $345.22. Both outperformed Nvidia, suggesting the rally extended beyond a single company as investors regained confidence in the broader AI industry.
What this means for investors
Wednesday’s rebound suggests investors remain confident in the long-term outlook for AI infrastructure, despite recent volatility. CoreWeave’s stronger-than-expected results and improved revenue guidance provide encouraging evidence that demand for computing capacity continues to outpace available supply. As a major supplier of the GPUs powering these data centers, Nvidia stands to benefit from sustained infrastructure investment.
However, the rally doesn’t eliminate the risks facing Nvidia. Baird downgraded the stock to Neutral on Wednesday, citing uncertainty surrounding CEO Jensen Huang, potential restrictions on chip exports to China, and slowing growth in hyperscaler capital expenditures heading into 2027. These concerns could weigh on Nvidia’s valuation even if near-term demand remains strong.
Nvidia’s November 17 earnings report will provide a critical test of its growth outlook. Investors should focus on data center revenue, profit margins, and management’s forward guidance, particularly whether demand for next-generation chips remains strong enough to offset potential weakness in China. Strong results could help sustain the recovery, but longer-term confidence will also depend on greater clarity surrounding Huang’s leadership and the regulatory outlook.
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RJ Fulton has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Broadcom, and Nvidia. The Motley Fool has a disclosure policy.
