NVIDIA shares have pulled back sharply in early November 2026, trading near $175 after peaking above $243 in October and finishing November 10 near $169, amid broader rotation out of high-valuation AI names. The stock’s forward P/E near 11–14x reflects expectations for continued earnings expansion, with trailing twelve-month revenue at $303 billion and net income of $193 billion driven by data-center demand. Upcoming Q3 fiscal 2027 results on November 17, with consensus revenue around $109 billion, represent the immediate catalyst that could reset sentiment. Analyst targets average $320–330, underscoring the gap between current prices and long-term growth projections tied to Blackwell and next-generation platforms.