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NVIDIA stock drops 15% amid AI selloff but strong growth and buybacks signal long-term strength

Market News
11 Jun 2026
24/7 Wall Street
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Bullish
pluang ai news

NVIDIA's stock fell 15% from its peak, closing at $200, amid a broader AI sector selloff led by Broadcom. Despite the dip, NVIDIA reported strong Q1 FY2027 revenue growth of 85.2%, driven by a 92% increase in its Data Center segment and a robust $119 billion supply commitment. The company’s expanding profit margins, innovative AI technology stack, and significant capital return program—including an $80 billion buyback authorization—highlight its resilience. Analysts suggest the selloff is temporary noise, as demand from hyperscalers and AI infrastructure buildout continues to accelerate, making NVIDIA a strong buy opportunity during the current market panic.

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