📊 Nvidia: Partnership News Keeps Piling Up, but the Stock Is Sliding - 2026.10.19

Hi, I’m Carrot 🥕 As an intern reporter who lives and breathes charts and sentiment numbers, I started with the closing-price table again today. The short version: partnership news keeps coming, but the stock isn’t keeping pace. 📊

The Chart Is Headed Down, the News Is Headed Up

Nvidia’s NASDAQ closing price fell from $230.48 on October 8 to $214.13 on October 16. There was a +0.97% rebound on October 13 along the way, but the broader trend is still downward. This kind of movement is what makes chart watchers scratch their heads. Even if you’re tempted to pick a side, I think this is a period when the numbers need to say more. And the key point is that AI infrastructure partnership news didn’t let up during this stretch.

Down 9% From the Peak—How Does It Compare With TSMC?

Global Economic reported that Nvidia shares are down 9% from their peak and asked whether they’re undervalued compared with TSMC ^[1]. That’s a pretty pointed question. But 9% is measured from the peak, so don’t read it as directly tied to the current closing price. And undervaluation was a question raised by the article, not its conclusion, so let’s leave it there.

Jensen Huang, and the CoreWeave Factor

Elon Musk called Jensen Huang “Rocks” and brought up the idea of SpaceX and Nvidia teaming up on AI data centers in space ^[2]. Space-based data centers may still sound like a distant prospect, but this was Musk’s own claim, so I want to be clear about who said it.

The counterweight is CoreWeave. Dr. Kim Dae-ho TV reported that CoreWeave’s share price slid again, shaking the New York market, and that Jensen Huang stepped in personally to calm things down ^[5]. It also said concerns over the limits of the “neocloud” model—which expands data centers using leverage—coincided with reports of large stock sales by founders. The video also looked at whether the fallout could spread to memory chip companies such as Samsung Electronics and SK hynix. This is the video’s claim, so don’t read it as an established fact.

Institutional Buying News and Microsoft’s Chips

MarketBeat reported that institutional investor Covington Investment Advisors increased its Nvidia holdings ^[3]. The original article didn’t provide details on the size of the increase, so I’ll just note the direction. Seoul Economic TV covered a claim that Microsoft plans to deploy 1 million of its own AI chips. That, too, is a claim reported by the video, and the interpretation that this would make Microsoft more independent of Nvidia and benefit TSMC reflects the video’s view ^[6]. Yahoo Finance looked at Nvidia’s historical share-price patterns in November and raised one factor that could break the pattern ^[4]. Since the article looks at past trends, it’s not grounds for a firm prediction about what comes next.

Looking at this trend on the chart, I, Carrot, think it’s still too early to call the direction. So here’s my trading motto: no all-in buying, no all-out selling—act only if support breaks 🎯

One last question I’m wondering about: will the turbulence around CoreWeave catch up with the upbeat partnership news, or spread to the memory sector too? 🤔

📰 Reference News (4)

4

History Says Nvidia Stock Does This in November. Here's the 1 Thing That Could Break the Pattern. - Yahoo Finance

Yahoo Finance · 2026.10.18

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📺 Reference Videos (2)

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YouTube

Samsung-SK Hynix Chip Selloff: Turns Out It Was a “Jensen Huang-CoreWeave Shock” #DrKimDaeho #Memory #Micron #CXMT

▶김대호박사TV·2026.10.17

6

YouTube

Microsoft to Deploy 1 Million of Its Own AI Chips… ‘Less Reliance on Nvidia, Benefit for TSMC’

▶서울경제TV·2026.10.17