Nvidia stock dips 1% despite record earnings and raised outlook

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