SANTA CLARA, California, September 1, 2026, 10:13 EDT —
- NVIDIA traded at $217.63 at 10:13 EDT, down 1.30% on 24.1 million regular-session shares.
- The decline erased about $69.2 billion of implied equity value, using 24.1 billion shares outstanding.
- Latest quarterly revenue reached $96.2 billion; management guided the next quarter to $108 billion.
NVIDIA Corporation NASDAQ:NVDA shares fell 1.30% on Tuesday. The move erased roughly $69.2 billion of implied equity value as bond yields pressured technology stocks.
That one-session loss exceeded NVIDIA’s latest quarterly net income by 16%. A modest percentage move now carries the scale of a large company’s annual sales.
The pattern was broader than one chipmaker. Advanced Micro Devices, Inc. NASDAQ:AMD fell 3.30%, while Micron Technology, Inc. NASDAQ:MU lost 2.40%.
NVIDIA regular-session price
$ per share; previous close $220.50
As of . One-minute observations; delayed bars may update. Source: Yahoo Finance.
NVIDIA opened at $216.91 and touched $216.02 by 09:40 EDT. It then recovered to $217.63, but remained below Monday’s $220.50 close market data.
Rates supplied the day’s pressure. The 10-year Treasury yield reached 4.77%, while the Nasdaq Composite fell 0.96%. The S&P 500 lost 0.55%.
Oil-driven inflation worries pushed Treasury yields higher, the Associated Press reported. Higher discount rates reduce the present value of distant technology earnings.
AI-chip shares absorb the rate shock
Change from Monday’s close, %
As of . Broadcom Inc. NASDAQ:AVGO is shown with relevant chip peers. Source: Yahoo Finance market data.
The latest results still show exceptional demand. NVIDIA reported $96.2 billion of quarterly revenue, up 106% yearly. Data-center sales reached $89.0 billion, or 92.5% of revenue.
GAAP gross margin held at 75.0%. Chief Executive Jensen Huang said, “Now, compute is revenue.”
Management forecast $108 billion of third-quarter revenue, plus or minus 2%. It expects a 74.0% gross margin, plus or minus 50 basis points. The guide assumes no China data-center compute revenue.
Revenue growth raises the valuation hurdle
NVIDIA quarterly revenue, $ billions
Results through July 26, 2026; Q3 is company guidance, ±2%. Sources: NVIDIA results and the SEC filing.
The balance-sheet commitment is also climbing. Manufacturing and supply commitments rose to $279 billion from $119 billion one quarter earlier, the filing showed.
Risks: higher memory costs could squeeze margins. Export controls, customer concentration and power shortages could delay deployments. Rising yields can compress the multiple even when earnings rise.
The next confirmed shareholder date is September 10, the record date for NVIDIA’s $0.25 quarterly dividend. Investors will also test whether Vera Rubin can support the $108 billion revenue guide.
For now, NVIDIA fell less than key chip peers. The valuation remains sensitive because a one-point price move equals about $24.1 billion of equity value.
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