TLDR
- NVDA drops 3.96% to $187.88, breaking below $190 before fiscal Q4 earnings release
- NVIDIA projects $65B in Q4 revenue with GAAP gross margins near 74.8%
- Sharp intraday sell-off from $198 range signals short-term technical weakness
- Shares attempt rebound near $185 but remain below $195 resistance zone
- Company outlines AI, data center strength and platform transition into 2026
NVIDIA Corporation (NVDA) shares fell 3.96% to $187.88 during morning trading on Thursday. The stock dropped sharply from the $197 to $198 range within hours. The move pushed shares below the $190 level and signaled strong intraday selling pressure.
NVIDIA Corporation, NVDA
Earlier in the session, the stock traded near short-term highs before momentum shifted. Sellers accelerated activity and drove the price toward the $185 zone. The decline marked a clear break in the prior short-term structure.
The price attempted a rebound after touching levels near $185. Even so, shares remained below the $195 resistance area. As a result, the session reflected weakness despite the brief recovery attempt.
Morgan Stanley Reaffirms Buy Rating Ahead of Q4 Earnings
Morgan Stanley maintained an Overweight rating on NVIDIA Corporation before its fiscal Q4 2026 earnings release. The company plans to report results on February 25. The firm reiterated its rating on February 23.
Management expects fiscal Q4 2026 revenue to reach about $65 billion. In addition, the company projects GAAP gross margins near 74.8%. These figures outline the company’s operational targets for the quarter.
The reaffirmed rating comes as the company prepares to release full-year results. The update reflects continued coverage by the firm ahead of earnings. Meanwhile, the stock traded below $190 despite the maintained rating.
Revenue Outlook Highlights AI and Data Center Demand
NVIDIA operates as a semiconductor company focused on graphics processing units and related technologies. The company serves gaming, data centers, artificial intelligence, and autonomous systems markets. These segments form the core of its revenue base.
The company continues to generate revenue from multiple AI compute products. It also maintains demand for trailing-edge chips that remain in active use. This broad product mix supports ongoing commercial activity across sectors.
NVIDIA has shifted parts of its forecast focus from Blackwell to Vera Rubin platforms. The transition outlines product development plans for the coming periods. Consequently, the company positions its roadmap toward the second half of 2026.
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