Nvidia shares fell by nearly 2% on October 8, 2026, extending a decline that began the previous session. Earlier, on October 6, the stock reached a 52-week high of $243.37. During the trading session on October 8, the price fluctuated between $233.72 and $237.05, eventually settling with a daily loss of 0.7% to 1%.
Despite the recent dip, Nvidia shares remain up approximately 25% to 28% year-to-date, having risen from a low of near $164 in March 2026. The company, currently valued at about $5.7 trillion, reported fiscal Q2 2027 revenue of $96.22 billion, marking a 106% year-over-year increase driven primarily by its data center business.
On September 28, 2026, the company authorized a new $150 billion share repurchase program. Analysts note that Nvidia's forward price-to-earnings ratio is currently between 16 and 17 times, which is considered historically low. CEO Jensen Huang continues to emphasize that demand for AI remains strong and is accelerating.
