Quick Read – NVIDIA’s Q1 revenue hit $82 billion (up 85%) with $119 billion in supply commitments, making the recent 7% selloff look like a buying opportunity. – The Broadcom-sparked panic ignores CoreWeave (CRWV) building 5 gigawatts of AI factories through 2030, and those…
frastructure commitments are not the kind that get unwound in a bad week. – Gross margins expanded to 75%, net income surged 210%, and an $80 billion buyback signals management believes NVIDIA is cheap at current prices. – NVIDIA (NASDAQ:NVDA) has plunged 15% from its peak and closed at $200 yesterday. Multiple AI stocks have pulled back in the past week in the Broadcom (NASDAQ:AVGO)-led AI panic
NVDA has now slipped below the $5 trillion mark as I write this. Reddit lit up with capitulation. Many investors believe the top is in, whereas others are holding out for the SpaceX and Anthropic IPOs before they capitulate.
Either way, they seem to be moving on from NVDA stock. That may not be the right move. Reason one, the AI buildout is still accelerating NVIDIA reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Data Center alone delivering $75.25 billion, up 92%.