Why did NVDA stock fall after strong earnings?

It is a classic sell-the-news reaction. Nvidia posted record revenue and strong margins, then guided Q1 FY27 revenue to $78B excluding China. After a big run, high expectations met a cautious market. Traders locked in gains and tested support levels, despite demand remaining broad across training, inference, and networking.

What does the $78B ex-China guidance imply?

It reflects ongoing export limits and uncertainty around China. Management is signaling that demand outside China is strong enough to drive growth. For investors, it shifts attention to US and global hyperscalers, enterprise AI programs, and networking backlogs that can validate the outlook without relying on China contributions.

Is NVDA stock’s valuation too rich now?

TTM P/E near 48, price-to-sales around 26, and strong margins mean execution risk stays high. If earnings and cash flow compound faster than the multiple compresses, shares can still work. Pullbacks can help reset support. Watch data center mix, gross margin direction, and order commentary to judge valuation risk.

How should Hong Kong investors approach NVDA stock?

Use staggered entries to manage volatility, and size positions for US session gaps. The HKD’s USD peg narrows currency swings, so focus on fundamentals and timing. Track hyperscaler capex, component lead times, and Nvidia’s margin guidance. Consider using stop levels and alerts around earnings or major product updates to manage risk.

Global Market Insights

NVDA Stock Today: $78B Q1 Guide Ex-China; Shares Dip — February 27

ByDanny Kontos February 27, 2026February 27, 2026

NVDA stock (NVDA) fell today after Nvidia guided Q1 FY27 revenue to $78B excluding China, following record Q4 revenue of $68.1B. Data center sales hit $62.3B and gross margin hovered near 75%. The sell-the-news move has investors testing growth durability, hyperscaler AI budgets, and valuation. For Hong Kong investors, the HKD’s USD peg reduces currency swings, but entry points still matter. We break down the guide, the numbers, and what NVDA stock’s dip could mean next.