Nvidia shares dip 1% despite record earnings and raised outlook

Nvidia shares fell over 1% in after-hours trading despite reporting record quarterly results that beat analyst expectations and raising its revenue forecast. The chipmaker posted Q2 fiscal 2027 revenue of $96.2 billion, up 18% quarter-over-quarter and 106% year-over-year, with net income more than doubling to $53.95 billion. Data center revenue rose 117% to $89 billion, driven by accelerating AI infrastructure spending. Nvidia guided Q3 revenue to $108 billion, excluding China compute sales, with gross margins expected around 74%. The company is scaling its Vera Rubin platform to full production and positioning itself as a complete AI factory infrastructure provider.