Nvidia Corporation shares fall 2% pre-market, currently trading at $179.67.

Nvidia Corporation shares fall 2% pre-market, currently trading at $179.67.

Nvidia Corporation (NVDA) shares declined 2% in pre-market trading on March 6, 2026, pricing at $179.67 per share, following mixed investor reactions to its recent financial results and broader market dynamics. Despite reporting record revenue of $68.1 billion for its fiscal 2026 fourth quarter—a 73% year-over-year increase—and exceeding earnings estimates, the stock's decline reflected lingering concerns about AI sector sustainability and supply chain pressures.

Approximately 40–50% of Nvidia's revenue is concentrated in key clients such as Microsoft, Meta, Amazon, and Alphabet, raising worries about overexposure to AI-driven demand cycles. Analysts noted that any slowdown in demand from these partners could disproportionately impact Nvidia's growth trajectory. Additionally, ongoing global shortages of memory and storage chips—critical components for Nvidia's GPUs—have driven prices for DRAM, NAND, and HBM chips up by 80–90% in recent months. While Nvidia has secured long-term supplier contracts to mitigate immediate margin compression, persistent shortages could challenge profitability in future periods.

The stock's movement also amplified broader market declines, as Nvidia constitutes 13.5% of the Nasdaq-100 and 7.4% of the S&P 500. Its 5% drop correlated with a 1.2% and 2% fall in the S&P 500 and Nasdaq Composite, respectively. Valuation metrics remain elevated, with the stock trading at 24 times forward earnings, reflecting both investor optimism about long-term AI adoption and near-term uncertainties. Market participants continue to monitor guidance for the upcoming quarter, which projects $78 billion in revenue—a $6 billion premium to prior expectations—while weighing risks to the AI ecosystem's growth potential.