Nvidia's Stock Declines Amid Foxconn's Confirmation of $1.4 Billion Data Center Delivery

Nvidia's shares declined on Friday following Foxconn's announcement that its $1.4 billion AI supercomputing center in Taiwan will be operational by the first half of 2026. The 27-megawatt facility, developed in partnership with Nvidia and the Taiwanese government, will be the country's largest advanced GPU cluster and Asia’s first data center to utilize Nvidia's new Blackwell GB300 AI chips.

Foxconn, traditionally known for assembling Apple’s iPhones, is diversifying into AI data centers and electric vehicles. The company has emerged as a key supplier of Nvidia-powered systems designed to train and run large AI models.

Despite Nvidia's strong third-quarter earnings, the stock's decline reflects investor concerns about stretched valuations and potential risks associated with the AI sector.

As of November 21, 2025, Nvidia's stock closed at $181.19, with an intraday high of $182.78 and a low of $173.02.

On Wall Street, Nvidia's shares currently hold a Strong Buy consensus rating from analysts, based on 38 Buys, one Hold, and one Sell assigned by 40 analysts over the last three months. The average NVDA price target of $255.63 indicates almost 42% upside from the current trading level.