NVDA is trading at $179.44 (-2.95%), extending yesterday's decline as investors look past record earnings to focus on geopolitical risks and macroeconomic headwinds.
- Shares are falling despite blowout Q4 revenue of $68.1B and strong $78B Q1 guidance, with markets reacting to China revenue exclusion and increased hyperscaler competition.
- Broader market pressure from a -1.13% NASDAQ drop and hot PPI data is compounding concerns over high valuations and the company's decision to prioritize reinvestment over buybacks.