Nvidia stock drops 2.18% on AI demand and export concerns
Nvidia shares declined 2.18% in early trading on Thursday, October 22, 2026, following a 1.5% drop the previous day. The decline was driven by investor concerns regarding AI chip demand and US export restrictions. NVDA traded between $216 and $218 in premarket, falling below its recent range of $228 to $242. This weakness contributed to a broader risk-off trend among retail tech stocks.
Key points
- Nvidia stock fell 2.18% to trade between $216 and $218 in premarket.
- Investors worry about AI chip demand and US export restrictions.
- Nvidia reports revenue of about $216 billion and gross margin near 74.7%.
Despite the stock price drop, Nvidia’s financial fundamentals remain robust. The company reported revenue of approximately $216 billion, a gross margin near 74.7%, and over $62 billion in cash and short-term investments. Additionally, financial disclosures indicate that Donald Trump sold Nvidia shares valued between $500,001 and $1 million on August 21, 2026.
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Nvidia Stock Price Today: NVDA Drops 2.18% As AI Demand Doubts And Export Curbs Bite
coinpedia.org · 22 October 2026
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