Nvidia shares extend drop to 2% days after hitting a 52-week high

Nvidia shares fell 2% on Wednesday, extending a slide that began the previous session. On October 6, 2026, Nvidia touched $243.37. By October 8, it was trading down nearly 2% intraday, with shares moving in a range of $233.72 to $237.05. For a company worth approximately $5.7 trillion, even a modest percentage move shifts a staggering amount of paper wealth. Two days of red after a run to the top The pullback started on October 7. NVDA closed that day at $237.47, down 0.74%. Then the stock opened lower on October 8 and kept sliding through the morning. Intraday, the decline reached nearly 2%. Later in the session, shares hovered around $235 to $236, which put the daily loss closer to 0.7 to 1%. Zoom out and the picture looks less dramatic. Nvidia is still up roughly 25 to 28% year-to-date. It has also come a long way from its March 2026 low near $164. The fundamentals have not exactly gone soft Nvidia reported fiscal Q2 2027 revenue of $96.22 billion, up 106% year-over-year. Most of that growth came from the data center business. On September 28, 2026, Nvidia authorized an additional $150 billion share repurchase program. Valuation metrics also look surprisingly tame. Nvidia’s forw...