Nvidia — the company — has performed phenomenally. Its cumulative earnings per share over the past two quarters were more than 800% higher than the comparable two-quarter total a year earlier. Yet Nvidia’s stock NVDA fell after the company’s earnings report last week.

Nvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to train and operate their AI systems.

Nvidia faces continued concerns about potential restrictions on exports of its AI hardware amid reports that advanced chips are reaching China despite U.S. sanctions.

Nvidia ( NVDA 3.97%) reported financial results for its fiscal 2025 fourth quarter (ended Jan. 26), and the business exceeded Wall Street expectations. Revenue of $39.3 billion and adjusted earnings per share of $0.89 came in ahead of estimates. Nonetheless, shares were down on the morning following the announcement.

Nvidia (NVDA) shares are taking another hit today as last week’s losses spill over. This is due to concerns about artificial intelligence

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 7.9% in the afternoon session after market volatility continued, with the stock seemingly affected by the broader downturn as the Nasdaq declined 1.