Nvidia stock slides after blowout forecast as Wall Street keeps asking: where’s the cash?
Nvidia shares dropped 4% to $187.60 Thursday despite record quarterly revenue of $68.1 billion and a strong outlook. The decline dragged chip stocks and the Nasdaq lower as investors questioned valuations and cash returns. By late morning, the Nasdaq was down 1.5% and the S&P 500 fell 0.87%. Nvidia said it returned $41.1 billion to shareholders in fiscal 2026.