NVIDIA (NASDAQ:NVDA) Trading Down 1.4% – Here’s What Happened

23 Apr 2026, 17:17 by Scott Moore · The Cerbat Gem

NVIDIA Corporation (NASDAQ:NVDA – Get Free Report)’s stock price was down 1.4% during trading on Thursday . The stock traded as low as $197.22 and last traded at $199.64. Approximately 112,251,825 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 172,236,391 shares. The stock had previously closed at $202.50.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Social and trade-data buzz around new AI partnerships and infrastructure deals (Google collaboration, Oklo nuclear validation, enterprise GPU deployments) keeps the long-term growth story intact and supports demand expectations. NVIDIA Stock (NVDA) Opinions on AI Partnerships and Infrastructure Deals
Positive Sentiment: Supplier results show the AI cycle is still fueling component demand — SK Hynix reported a >5x jump in Q1 operating profit and cited expanding memory needs tied to AI workloads, which supports NVIDIA’s data-center GPU demand outlook. Nvidia supplier SK Hynix Q1 profit rises more than five-fold, meets forecasts
Neutral Sentiment: Google and other hyperscalers are accelerating custom AI silicon (new TPUs for training and inference). That intensifies competition but so far articles note NVIDIA remains resilient — this is a medium-term competitive watch item rather than an immediate revenue shock. Google Cloud launches two new AI chips to compete with Nvidia
Neutral Sentiment: Large end-customer GPU contracts (e.g., Axe Compute’s disclosed B300 deployment) illustrate persistent enterprise demand for NVIDIA hardware, which supports future revenue visibility even if some revenue is recognized via partners. Axe Compute jumps nearly 96% after unveiling a $260M enterprise NVIDIA B300 GPU deal
Negative Sentiment: Immediate price pressure is being driven by a risk-off move after an oil spike and a sharp software-stock sell-off, which hit high-beta names like NVIDIA today. Nvidia Shares Slide As Oil Spikes, Software Stocks Sell Off: What You Need To Know
Negative Sentiment: Renewed geopolitical tensions (Middle East) and broader market risk aversion are prompting rotation out of tech/AI names into defensive assets, pressuring NVDA despite company fundamentals. Live Nasdaq Composite: Tech Stocks Surrender Gains on Renewed Mideast Tensions as Earnings Ramp Up
Negative Sentiment: High-profile insider selling (multiple disclosures in recent months) and headlines about shifting competitive dynamics are a near-term sentiment headwind, even as analysts largely remain bullish. NVIDIA Stock (NVDA) Opinions on AI Partnerships and Infrastructure Deals

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of NVIDIA in a research note on Wednesday, March 18th. The Goldman Sachs Group set a $250.00 price target on NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, February 25th. CICC Research upped their price target on NVIDIA from $228.00 to $240.60 and gave the stock an “outperform” rating in a report on Friday, February 27th. DA Davidson reaffirmed a “buy” rating and issued a $250.00 price objective on shares of NVIDIA in a research report on Monday, February 23rd. Finally, Wedbush boosted their target price on shares of NVIDIA from $230.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $275.25.

View Our Latest Research Report on NVIDIA

NVIDIA Stock Down 1.4%

The firm has a fifty day simple moving average of $184.08 and a 200-day simple moving average of $185.28. The company has a market capitalization of $4.85 trillion, a PE ratio of 40.74, a P/E/G ratio of 0.66 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, beating the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. During the same period in the prior year, the business posted $0.89 EPS. The business’s revenue was up 73.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post 7.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA’s dividend payout ratio is 0.82%.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 221,682 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the sale, the director owned 7,399,771 shares in the company, valued at $1,285,192,227.28. The trade was a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 953,976 shares of company stock worth $171,173,819 over the last 90 days. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in NVIDIA in the fourth quarter valued at approximately $62,244,133,000. J. Stern & Co. LLP raised its position in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock worth $23,454,297,000 after purchasing an additional 124,849,603 shares during the period. Cardano Risk Management B.V. lifted its holdings in shares of NVIDIA by 896.4% in the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock worth $14,570,119,000 after purchasing an additional 70,283,539 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Company Profile

(Get Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.