Nvidia’s Paradox: Record Revenues Meet Investor Skepticism
Nvidia shares tumbled 17% from recent highs despite posting record $57 billion Q3 revenues, a 62% year-over-year surge. The selloff reflects Wall Street's delicate dance with tech valuations as analysts trim targets and institutions rebalance portfolios.
Management's $65 billion Q4 revenue guidance - projecting 65% annual growth - failed to stem the tide. The chipmaker's $4.4 trillion market cap now faces dual headwinds: profit-taking after its historic rally and rising competition from AMD's MI450 processors.
Long-term bulls see a $15 trillion valuation by 2030, but near-term volatility dominates. As one portfolio manager noted, 'Even rockets need refueling stops.' The divergence between fundamentals and stock performance underscores market psychology at peak tech euphoria.
