Nvidia stock is down 2% again: why analysts keep hitting buy

Nvidia stock (NASDAQ: NVDA) is slipping again even after a record quarter, and that’s the tension investors can’t ignore: the market is acting tired while Wall Street is still leaning in.

Shares recently dipped below their 50-day moving average (a common figure traders watch) of $185.60, per Barchart, even as analysts keep their Buy calls largely intact.​

A selloff that doesn’t match the quarter

Nvidia just posted blockbuster numbers: Q4 revenue came in at about $68.1 billion, up 73% year over year, and the company guided next-quarter revenue to about $78.0 billion (plus or minus 2%).

That’s not “slowing,” and the stock’s pullback isn’t an argument over whether demand exists.​

What the selloff looks like, instead, is classic post-earnings digestion.

Nvidia stock fell even after results topped estimates, framing the move as a sentiment problem rather than a scoreboard problem.​

Why Nvidia stock keeps sliding

First, expectations were already sky-high.

When a company becomes the market’s center of gravity, “great” results can still be treated as merely “as expected,” and the trade turns into profit-taking.​

Second, costs and margins are now part of the debate again as Nvidia ramps up its newest platform.

Nvidia’s Q4 performance was driven by demand for its Blackwell GPU architecture, and the company guided non‑GAAP gross margin around 75% for the coming quarter: strong, but also a reminder that the ramp is something investors will scrutinize.​

Third, valuation cuts both ways.

MarketBeat lists Nvidia’s trailing P/E ratio above 37, which means the market is still paying a premium for growth, and premium stocks can slide quickly when the narrative wobbles, even if earnings are objectively strong.​

Why analysts keep hitting Buy

On the Street, the core argument hasn’t changed.

Nvidia stock still has the best visibility in AI infrastructure, and demand appears to be extending rather than snapping back.

In the same Q4 coverage, Blackwell was explicitly cited as the key driver, reinforcing the idea that this is not a one-quarter spike.​

That conviction shows up in the aggregate numbers.

MarketBeat’s analyst survey shows 53 analysts issuing 12‑month price targets, with an average target of around $271.58.​

And analysts are still moving targets higher in some cases, not lower. Robert W. Baird, for example, raised its price target on Nvidia to $300.

So you have a stock that’s sagging below a widely watched trend line, and a research community that still sees meaningful upside.

One side is trading the next few weeks; the other is underwriting demand and product cycles that play out over years.

For investors who own NVDA, the takeaway is less “earnings beat” and more patience.

The price action says the market wants proof that the next leg of AI spending is durable, while analysts are betting Nvidia will keep delivering it.