NVIDIA shares fall to session low, down 1.3%

NVIDIA shares fall to session low, down 1.3%

NVIDIA (NASDAQ:NVDA) shares declined 1.3% during trading on March 3, 2026, trading as low as $176.92 before settling at $180.05 according to MarketBeat. The move followed mixed investor reactions to the company's fiscal fourth-quarter results, which included $68.13 billion in revenue—a 73.2% year-over-year increase and above analyst estimates of $65.56 billion as reported by CNBC. Despite the strong performance and an optimistic $78 billion revenue forecast for the current quarter according to CNBC, the stock faced profit-taking pressure, with analysts noting that "sell-the-news" dynamics and broader market concerns about AI infrastructure spending sustainability contributed to the decline as Yahoo Finance reports.

The drop reflects ongoing debates about the long-term viability of hyperscalers' aggressive AI capital expenditures, despite CEO Jensen Huang's recent assertions that such investments are "supported by rising cash flows and sky-high demand" according to Yahoo Finance. Institutional ownership remains robust, with entities like State Street Corp and Norges Bank collectively holding stakes valued at over $184 billion according to MarketBeat. Analysts have maintained a largely positive outlook, with Wedbush raising its price target to $300 and Morgan Stanley reiterating NVIDIA as its top chip stock according to MarketBeat. However, concerns about revenue concentration among major clients (Microsoft, Meta, Amazon, and Alphabet) and rising memory chip costs have tempered enthusiasm as The Motley Fool notes.

NVIDIA's stock, trading 9.7% below its 52-week high of $207.04 according to Yahoo Finance, remains a key barometer for AI sector sentiment. While its data center division accounted for 91% of revenue in Q4 as CNBC reported, market participants continue to weigh near-term volatility against the company's dominant position in AI and high-performance computing.