NVIDIA stock fell 4% on Tuesday to around $200, then bounced back above that level by midday after a fast selloff swept through semiconductors. The move pushed NVDA to a session low of $189.31 in the 9:00 a.m. ET hour before buyers stepped in.
That drop was not about a new warning from NVIDIA. It came as a Korea-led chip selloff dragged the KOSPI down 10% and pushed U.S. semiconductor shares lower too, leaving a stock that had been trading in the $208 to $215 range in recent sessions suddenly pressed against a round-number level traders were already watching closely.
Jensen Huang has been telling investors the AI buildout is “the largest infrastructure expansion in human history,” and the numbers still back that up. NVIDIA reported $81.6 billion in Q1 FY2027 revenue, up 85% year over year, while Data Center revenue reached $75.2 billion, up 92%. Management then guided Q2 FY2027 revenue to roughly $91 billion, authorized an additional $80 billion buyback and raised the dividend to $0.25 per share.
That is why Tuesday’s move stood out. NVDA is still up 7.6% year to date, analysts remain broadly constructive with a $298.93 consensus target, 48 Buy ratings and 10 Strong Buy ratings, and prediction markets still give it a 46% chance of closing above $200 by month-end. But the stock is also showing signs of fatigue at a level that matters to traders, and the caution is not coming from just one place. Polymarket traders assigned only a 26% probability to a $200 to $205 finish for the week, insiders were net sellers across nine recent transactions, and a WallStreetBets post titled “I've made loss in every AI stock!” drew more than 3,400 upvotes during the weekend selloff.
For now, the case for NVIDIA has not broken. The business is still expanding fast, the buyback is huge and analysts are still leaning bullish. The question is whether that strength is enough to pull NVDA stock decisively back through $200, or whether the recent trading around that mark turns into another pause in a stock that has already climbed a long way.
