Nvidia Shares End Nov. 6 Week Lower Ahead of Fiscal Third-Quarter Results

Nvidia shares ended the week of Nov. 6 lower amid a broader decline in U.S. technology stocks, adding to the chipmaker’s recent losses before its fiscal third-quarter results on Nov. 17. The decline followed October, Nvidia’s worst month for share performance this year. The stock rose 3.11% to $208.34 in early U.S. trading Nov. 3, when the company’s market value reached $5.02 trillion. In early trading Nov. 5, Nvidia shares were down 4.11%. Those readings capture separate points during the week, while the weekly decline reflects trading through Nov. 6. Nvidia’s most recent financial results showed fiscal second-quarter revenue of $96.2 billion, up 106% from a year earlier.

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