Key insights
- Nvidia stock rose more than 3% to $174.64 after CoreWeave beat quarterly expectations and raised its 2026 revenue forecast.
- Wallet 0xc8b5 opened a $24.2 million five-times NVDA long and a $12.7 million two-times SNDK long.
- Baird downgraded Nvidia to Neutral amid questions about government action, investigations, possible charges, and CEO tenure.
Nvidia stock rebounded on Nov. 11, 2026, as CoreWeave’s earnings outlook lifted semiconductor shares. Meanwhile, Lookonchain identified a trader holding $36.9 million in leveraged Nvidia and SanDisk positions.
NVDA traded near $174.64 during Wednesday’s session, recovering from the previous $168.89 close. However, Baird downgraded the chipmaker and reduced its price target by 60%.
Nvidia Stock Price Rebounds With Chip Sector
On Nov. 11, the market snapshot showed Nvidia stock up 3.46% from the previous close of $168.80. Nvidia stock price opened at $172.80, fell to $170.77, and reached an intraday high of $175.13.
Trading volume appeared strongest near the opening before tapering later in the session. Separate coverage described a roughly 2% gain after two consecutive sessions of declines.
The broader chip sector also advanced. AMD and Broadcom shares each gained more than 5%, while Intel shares surged. However, Nvidia stock remained down about 14% for November, with roughly $700 billion in market value lost. The page’s overview linked the monthly decline to macroeconomic anxiety and a board investigation.
NVDA Stock Price and Whale Long Positions
Alongside the Nvidia stock price rebound, wallet 0xc8b5 opened leveraged positions in NVDA and SNDK. Its Nvidia stock position was a five-times long involving 136,982 NVDA shares, valued at $24.2 million. The wallet also opened a two-times long position in SNDK, buying 13,655 shares valued at $12.7 million.
Meanwhile, Baird downgraded Nvidia to Neutral despite the day’s advance. Analyst Tristan Gerra cited unresolved questions about possible U.S. government action and an upcoming congressional hearing.
His client note also identified ongoing investigations and potential revenue effects from near-term channel adjustments. Gerra further cited possible charges and uncertainty surrounding CEO Jensen Huang’s tenure.
Board Inquiry and China Chip Scrutiny
The market rebound came amid reports about Huang, the board investigation, and questions over restricted semiconductor exports. Yahoo Finance reported that Nvidia’s board was investigating Huang following reports of an alleged affair.
Those reports described the woman as suspected of being a Chinese spy. Lawmakers also increased scrutiny of the company, while questions remained about whether restricted chips had been diverted to China.
Axios reported that Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over Megaspeed. The Nvidia customer faced accusations of diverting U.S. chips to China.
Sources cited by Axios alleged that Lutnick resisted blacklisting the company despite intelligence warnings, amid concerns about escalating U.S.-China trade tensions. The Axios account listed NVDA at $174.44.
Separately, Business Insider reported that Huang withdrew from Anthropic’s executive forum and ElevenLabs’ New York summit on Nov. 9. The report placed the absences amid growing scrutiny of the CEO.
Earlier, Nvidia News reported on Nov. 3 that Nvidia directed global cloud providers to limit Chinese customers’ access to their AI computing services. The reported cap set Chinese customers’ access at 49% of those services.
This article is for informational purposes only and does not constitute financial or investment advice. Stocks and leveraged derivatives involve market and liquidation risks. Readers should independently evaluate financial disclosures before making investment decisions.
