Nvidia stock dips 1% despite record earnings and raised forecast

Nvidia shares fell over 1% in after-hours trading despite reporting record quarterly results and raising its forecast, both exceeding analyst expectations. The chipmaker posted fiscal Q2 2027 revenue of $96.2 billion, up 106% year-over-year, with net income more than doubling to $53.95 billion. Data center revenue surged 117% to $89 billion, driven by continued AI infrastructure spending. Nvidia guided Q3 revenue to $108 billion, excluding China compute sales, with gross margins expected around 74%. CEO Jensen Huang said AI has reached a tipping point where "computing generates revenue."