Geopolitics Alpha

Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading

Published . Updated .

Key takeaways

  • Nvidia shares fell 3.4% in after-hours and perpetual futures trade as the chipmaker investigates a possible foreign intelligence effort targeting CEO Jensen Huang.
  • Exposed: SMH, SOXX, NVDA, AVGO, ASML
  • Market reaction: price tracking starts with the next trading session.

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Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading

Nvidia shares fell 3.4% in after-hours and perpetual futures trade as the chipmaker investigates a possible foreign intelligence effort targeting CEO Jensen Huang.

Directly affected

  • NVDA Nvidia-8.4% 30d

    Named in this report.

Indirectly affected

  • SMH VanEck Semiconductor ETF-16.4% 30d

    VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.

  • SOXX iShares Semiconductor ETF-20.8% 30d

    iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.

  • ASML ASML Holding N.V-7.1% 13d

    ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • TSM Taiwan Semiconductor Manufacturing-9.5% 30d

    Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • AVGO Broadcom-16.1% 30d

    Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • AMD Advanced Micro Devices-26.4% 30d

    Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NVDA+8.30%+7.21%baseafter closeafter closeafter closeafter close
SMH+9.57%+8.79%baseafter closeafter closeafter closeafter close
SOXX+10.81%+10.19%baseafter closeafter closeafter closeafter close
ASML+7.09%+5.03%baseafter closeafter closeafter closeafter close
TSM+6.26%+5.43%baseafter closeafter closeafter closeafter close
AVGO+9.89%+10.98%baseafter closeafter closeafter closeafter close
AMD+4.31%+9.22%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading Global Banking & Finance Review

Source: Global Banking & Finance Review

How far Vaneck Etf Trust (SMH) has moved since 9 Nov 2026

CompanyWhenMoveStatus
Advanced Micro Devices (AMD)three days earlier+9.22%final price
Advanced Micro Devices (AMD)five days earlier+4.31%final price
Asml Holding (ASML)three days earlier+5.03%final price
Asml Holding (ASML)five days earlier+7.09%final price
Broadcom (AVGO)three days earlier+10.98%final price
Broadcom (AVGO)five days earlier+9.89%final price
Nvidia (NVDA)three days earlier+7.21%final price
Nvidia (NVDA)five days earlier+8.30%final price
Vaneck Etf Trust (SMH)three days earlier+8.79%final price
Vaneck Etf Trust (SMH)five days earlier+9.57%final price
Ishares Tr (SOXX)three days earlier+10.19%final price
Ishares Tr (SOXX)five days earlier+10.81%final price
TSMthree days earlier+5.43%final price
TSMfive days earlier+6.26%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Vaneck Etf Trust (SMH)

Companies tied to this story

  • SMH Vaneck Etf Trust

    Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

  • SOXX Ishares Tr

    For “Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading,” Ishares Tr (SOXX) is linked, with no stored direction, medium confidence. Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

  • NVDA Nvidia

    In “Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • AVGO Broadcom

    Broadcom (AVGO) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading.” Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • ASML Asml Holding

    Asml Holding (ASML) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading.” Reason on file: ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • AMD Advanced Micro Devices

    In “Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading,” Advanced Micro Devices (AMD) is linked, with no stored direction, medium confidence. Reason on file: Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

Vaneck Etf Trust (SMH)

The 9 Nov 2026 story “Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading” names Vaneck Etf Trust (SMH) because of this story.

For Vaneck Etf Trust (SMH), the reason on file says VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

A second company, Ishares Tr (SOXX), is listed for a different reason: iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

Dates in the story, and the Vaneck Etf Trust (SMH) price range

NVDA traded between 200.92 and 239.08 across 20 sessions. The latest close on file is 206.56. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. SOXX traded between 452.10 and 596.35 across 20 sessions. The latest close on file is 453.73.

How strong the case is around Vaneck Etf Trust (SMH)

46 out of 100

“Nvidia Shares Drop 3% in After-Hours and Perpetual Futures Trading” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.