Nvidia shares have declined by approximately 10% from their record close of $235.47 on May 14, currently trading in the range of $210–212. In mid-September, the stock experienced a further drop of 2.7–3.6% over two days.
The company reported Q2 fiscal 2027 revenue of $96.2 billion, marking a 106% year-over-year increase. The data center segment contributed $89 billion to this total, growing by 117% compared to the previous year.
Nvidia forecasts Q3 revenue of approximately $108 billion, with a margin of error of 2%. Management anticipates roughly 70% revenue growth for fiscal 2028 and expects gross margins to stabilize between 71% and 72% by Q4.
Supply constraints in memory components continue to impact production. Nvidia management stated that customer demand could potentially double next year if these bottlenecks are resolved.
Investor sentiment is currently influenced by calls from industry figures to moderate the development of frontier AI models. Future stock performance remains dependent on upcoming capital expenditure reports from major hyperscalers.
