Nvidia Bloodbath Over by November’s End? Crypto Bettors Weigh NVDA Stock’s Next Move as Jensen Huang Controversy Brews

NVIDIA Corp. (NASDAQ:NVDA) shares are under selling pressure, and cryptocurrency punters remain skeptical about a rebound by the month’s end.

Will NVDA Plunge to $140?

The betting crowd on Polygon (CRYPTO: POL)-based Polymarket currently assigns a 90% chance that NVDA will close above $ 140 in November.

The probability of NVDA closing above $150 stood at 76%, while the odds of it closing above $160 were 65%.

The prediction market priced in a 14% probability that the stock would rebound above $200.

Jensen Huang Episode Weighs on Nvidia

The odds came as analysts from CitiGroup and Wells Fargo trimmed price targets for the Santa Clara-based semiconductor and AI computing company.

NVDA has fallen more than 11% over the past week and more than 25% over the past month, amid broader weakness across the AI sector.

Sentiment has taken a sharp hit after CEO Jensen Huang admitted to an extramarital affair with a woman suspected of having ties to Chinese intelligence

Nvidia said Joon H. Kim, a former acting U.S. attorney for the Southern District of New York, and his firm, Wachtell, Lipton, Rosen & Katz, will carry out an independent investigation.

The chipmaker is scheduled to release its third-quarter financial results on Nov. 17.

Price Action: NVIDIA shares gained 1% in after-hours trading, according to Benzinga Pro. The stock closed 5.53% lower at $168.80 during Tuesday’s regular trading session.

Benzinga’s Edge Stock Rankings indicate that NVDA maintains a weaker price trend over the short, medium, and long terms.

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