🔥 Nvidia Rebounds After Four-Day Slide as Multiple Variables Converge - 2026.11.04

Well now, Onion~ 🧅 After watching the market for 30 years, these are the days I find most interesting. Nvidia, which had been falling for four straight days, finally rebounded ^[1]. But there was more than one headline following that bounce. So today, let's connect these variables in one line.

A rebound—but what's behind it?

Jeju Minbo reported on the rebound after four days of declines and asked whether investor sentiment toward AI semiconductor investments would recover ^[1]. But just the day before, there were also reports that New York tech stocks wobbled as Nvidia turned lower ^[6]. Optimism is still there, but caution is spreading too. Goodness~ feels like a roller coaster, doesn't it? 🎢

Still, the numbers on the board don't lie. The closing price on November 3 was $206.94 ^[1]. The trend of holding near the October 30 close of $204.64 seems to have picked up a little. After taking a four-day break, you could say it's more like, “I rested, so now I'm ready to go~” rather than “I'm taking a break.” There goes another dad joke. 😂

Demand-side news: stories expanding the playing field

According to Newsis, Nvidia is expected to pay approximately 1,300,000,000,000 KRW to Naver on the 6th, which would give it a 4.13% stake in Naver ^[4]. It's a picture of a stake falling neatly into place with one investment. The important word here is “expected.” It means a payment date has been scheduled; it doesn't confirm that the payment has been completed.

The news from South Korea is interesting too. According to KBS, the Korea Institute of Science and Technology Information unveiled its next-generation supercomputer “Hangang,” equipped with 8,400 Nvidia GPUs ^[7]. Its computing speed was reported to be 24 times faster than the existing “Nurion,” and there are hopes it will be used for a wide range of research, including the development of large-scale AI. It's interesting to see the demand landscape when more places are bringing in this kind of equipment. 🖥️

And Forbes reported that Nvidia briefly fell behind Apple, but then reclaimed its spot as the world's most valuable company ^[3]. What did I tell you~ Rankings in this game can flip in a single day. 🏆

The other side of the story: China and analysts' views

According to reports citing the FT, Nvidia instructed its data center partners to limit sales to China ^[2]. Remember, this wasn't announced directly by the company; it's an FT report. The key issue is how export restrictions on China could affect the business. That's why we need to hit the brakes here, even while discussing the bullish case.

A Seeking Alpha analysis article discussed an investment perspective centered on Nvidia and NVDL ^[5]. That's just the opinion of a third-party analyst, so Onion won't make assumptions about their intentions or the company's financial condition. Let's simply note that this view is out there. 📝

Onion's take—and the questions that remain

Onion sees a clear bullish scenario now, with the rebound and news of customer demand converging at once. But with the report about China sales restrictions also in the mix, it's hard to be purely optimistic. Here's a question for you: Will the Naver payment actually be completed, and can demand from projects like “Hangang” feed into Nvidia's earnings? And how much the China sales restrictions reported by the FT will affect the business is the key question in the next round. ☕

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[Issue] 'World Top 10' Ultimate-Performance Supercomputer Arrives... 'Dreamcom' Equipped with 8,400 Nvidia GPUs/Tuesday, November 3, 2026/KBS

▶KBS News·2026.11.03