Nvidia (NVDA) started as a video game chipmaker. It invented the term Graphics Processing Unit (GPU). Used the crypto boom to its advantage. And it is now the king of AI, thanks to its CUDA software moat.
The stock is down 2.34% at $218.23 at the time of writing, Thursday morning, May 21, according to Yahoo Finance. The stock is taking a hit following the Q1 fiscal year 2027 earnings beat-and-raise report released on May 20.
It has become almost a tradition that Nvidia’s stock drops after earnings, despite beating the outlook.
Nvidia CEO Jensen Huangexplained this phenomenon at the all-hands meeting after the Q3 fiscal 2026 earnings. “If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a…
