NVIDIA Shares Drop 3% as Chip Sector Slides
NVIDIA shares fell about 3% to $214.55 as the broader semiconductor complex retreated, with AMD also down around 3% and large-cap tech lagging on a risk-off session. The move was attributed to yield-driven valuation pressure and a rotation away from heavily crowded, fast-rising names despite strong recent growth, including Q2 FY2027 revenue up 105.85% and a Q3 FY2027 guide to $108 billion.