Nvidia shares fell to $219 on September 11, their lowest level since September 2, despite CEO Jensen Huang reiterating at Goldman Sachs’ Communacopia & Tech conference that the artificial intelligence industry could reach a $3 trillion-$4 trillion valuation before the end of the decade. The company reported second-quarter revenue of $96.2 billion, up 106% from a year earlier and above analysts’ $92.3 billion estimate, while adjusted earnings reached $2.22 per share versus expectations of $2.09. Data Center revenue was $89 billion and Edge Computing revenue was $7.2 billion, both above forecasts. Nvidia projected 70% revenue growth for fiscal 2028, compared with analysts’ 45% consensus, and said growth could exceed 100% if memory supply constraints ease. The company has also described its 70% fiscal 2027 growth target as supply-limited rather than demand-limited. Nvidia’s gross margin rose to 75% in the second quarter of fiscal 2027 from 72.4% in the second quarter of fiscal 2026, while net income reached $59 billion. CoreWeave CEO Michael Intrator said demand for available GPUs exceeded supply; Nvidia owns 11.5% of CoreWeave and is its exclusive GPU provider. Technically, NVDA has formed a cup-and-handle pattern while holding above its 100-day exponential moving average, with $236 viewed as a key resistance level. Market projections put Nvidia’s annual revenue at $411 billion, potentially rising to about $727 billion the following year, excluding possible China sales and contributions from its central processing unit business.