Nvidia shares fell from an all-time high on Tuesday, moving in line with the overall market sluggishness, but investors are still optimistic about quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence.
The company’s stock fell about 2.76%, after earlier hitting a record peak of $481.87 minutes after the market opened and crossing its previous high of $480.88 on July 14. In May, the company forecast second-quarter revenue that was more than 50% above expectations.
