By Howard Smith, The Motley Fool
Publication Date: 2026-05-15 16:46:00
Nvidia (NASDAQ: NVDA) shares sank as much as 5% today, outpacing a marketwide pullback. As of 12:23 p.m. ET, Nvidia stock was still down 3.3%, while the Nasdaq Composite index was down 1.25%.
Today’s drop comes after the latest leg higher for the artificial intelligence (AI) leader’s stock. Nvidia has surged more than 15% in the last month. With its highly anticipated earnings report due next week, today’s drop might be a nice time to gain exposure.
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China is just a bonus
Nvidia is dropping more than the market today after there was no new announcement regarding its business in China, following CEO Jensen Huang’s visit with President Trump there this week. Nvidia’s H200 chips can now be sold in China, but no major orders have been announced. That may be because Chinese companies are finding a more adequate supply of AI chips domestically.
Chinese tech giants Tencent and Alibaba have recently said they expect increased production and supply of Chinese chips this year, along with greater use of in-house technology. That’s not great news for Nvidia.
But Nvidia’s guidance has assumed no China business. Any sales of its lower-tier H200 chips there would only add to its financial results. Investors…
