Nvidia stock rebounds 4% as investors buy dip after $480 billion sell-off

Nvidia stock rebounded nearly 4% in premarket trading on Wednesday, November 11, as investors bought the dip after a two-day sell-off erased roughly $480 billion in market value, despite an ongoing investigation involving CEO Jensen Huang. The recovery lifted shares to $175.45, following a 5.47% drop on Tuesday that closed the stock at $168.89. The rebound aligned with broader gains in US stock futures, including a 1.67% rise in Nasdaq 100 futures, as investors returned to AI stocks ahead of Nvidia's November 17 earnings report. Nvidia's board has hired an outside law firm to investigate whether company secrets or national security were compromised, though it expressed confidence in Huang. Bank of America outlined three possible outcomes, including contained disruption or prolonged uncertainty, while Morgan Stanley removed Nvidia from its top picks list.