Nvidia stock is showing signs of recovery after a sharp two-session sell-off, with shares rising approximately 5.2% in premarket trading on November 11. The rebound follows a decline that pushed NVDA to $168.89 in the previous session, as concerns surrounding CEO Jensen Huang and broader AI-sector uncertainty weighed on technology stocks. Strong results from AI cloud provider CoreWeave have now brought buyers back into the market. Can Nvidia stock sustain the recovery ahead of its November 17 earnings report?

CoreWeave Earnings Restore Confidence in AI Spending

A major catalyst behind Wednesday’s rebound was CoreWeave’s latest quarterly performance. The AI cloud provider reported third-quarter revenue of $3.66 billion, up 168% from $1.36 billion a year earlier. It also raised its full-year 2026 revenue outlook to $13 billion–$13.3 billion, compared with its previous range of $12 billion–$13 billion.

🚨 BREAKING: $NVDA IS UP OVER 5% IN PREMARKET, RECOVERING MOST OF YESTERDAY'S 5.47% DROP.

CoreWeave has raised its 2026 revenue forecast, adding another sign that demand for Nvidia's AI chips remains strong.

— Akshay (@iiam_Akshay) November 11, 2026

The stronger forecast helped ease concerns that AI infrastructure investment could be slowing. CoreWeave shares jumped more than 10% in premarket trading, while Nvidia, Micron and Marvell also advanced.

Leadership Concerns and Inflation Risks Remain

The recovery comes after Nvidia suffered significant losses amid questions surrounding Jensen Huang and reports of an internal investigation. The controversy added pressure to an already weak technology market, with investors also reacting to hotter-than-expected US inflation. October’s inflation figures strengthened expectations of another Federal Reserve rate increase in December, creating an additional challenge for high-valuation technology stocks.

While Wednesday’s rebound suggests investors are willing to buy the recent decline, these concerns could continue to drive volatility. A stronger session does not necessarily mean the underlying risks have been resolved. 

Nvidia Stock Price Analysis: Can NVDA Hold Above $175?

Nvidia closed at $168.89 on November 10, falling 5.47% and entering the $165–$175 demand zone. The premarket rebound toward $177–$178 puts the stock back above this key area, offering an early sign of buying interest. However, the recovery needs follow-through during regular trading. A sustained move above $180 could improve the near-term technical picture, while a return below $175 would keep the demand zone under pressure. Higher resistance remains around $204–$212, where the stock’s moving averages are positioned.

November 17 Earnings Could Shape Nvidia’s Next Move

Nvidia’s upcoming earnings report is the next major catalyst. Investors will focus on data-center revenue, demand for its latest AI processors, profit margins and management’s outlook for future growth.

Strong results and guidance could reinforce confidence in the company’s long-term AI opportunity. However, the market may demand more than another revenue beat, particularly after the recent volatility. Investors will also look for evidence that customer spending remains sustainable. The next test will be whether buyers maintain momentum through the trading session and ahead of Nvidia’s November 17 earnings announcement.