Nvidia shares fell on Thursday as the company's fiscal second quarter gross margin dipped slightly and its Revenue beat was overshadowed by increasingly high expectations the stock dropped as much as 3.8% when us markets opened before reducing losses to a 1.7% decline by 9:35 a.m. eastern time on Wednesday Nvidia reported July quarter revenue of over 30 billion marking a 122% year-on-year increase this was the fourth consecutive quarter of triple digit Revenue growth however as Nvidia continues its rapid expansion annual comparisons are becoming more challenging for its fiscal third quarter Nvidia issued Revenue guidance of $32.5 billion which would imply an 80% year-on-year increase but a Slowdown from the July quarter meanwhile the company stated that gross margins would be in the mid 70% range for the full year analysts had expected a full year margin of 76. 4% according to Street account however analysts noted that Nvidia would have needed to exceed all expectations significantly for its stock to rise following the earnings report Thursday's pullback in the stock also follows a meteoric rally with Nvidia shares having risen more than 150% year-to date since the beginning of 2023 the stock has surged over 750 benefiting greatly from the artificial intelligence boom large tech companies have been increasing investments in purchasing nvidia's gpus to train large AI models nvidia's stock price decline also impacted semiconductor stocks globally with major names like Memory Maker Samsung and Chip manufacturer Taiwan semiconductor Manufacturing Company trading lower on Thursday during its earnings call Nvidia also addressed concerns about reported delays to its next Generation Blackwell AI chip in Q4 we expect to ship several billion dollars in Blackwell Revenue Nvidia CFO let Crest said during a call with analysts the company also announced a $50 billion stock buyback program if you enjoyed the video please like share and subscribe