Nvidia has seen its stock slide roughly 10% from its all-time high of $235.47, set on May 14, trading around $210-212. The company still posted extraordinary quarterly results, with Q2 fiscal 2027 revenue of $96.2 billion, a 106% year-over-year increase. Nvidia projects Q3 revenue of approximately $108 billion and roughly 70% revenue growth for full fiscal 2028. Supply constraints in memory components and calls from prominent AI figures to moderate frontier model development have weighed on investor sentiment. Upcoming earnings reports from major hyperscalers including Microsoft, Amazon and Google will be the next major catalyst for the stock.
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