NVIDIA shares traded around $230–231 midday on October 8, 2026, down roughly 3% from the prior close of $237.47 after hitting an intraday record of $243.37 two days earlier. The pullback stems primarily from OpenAI’s reported $50 billion annualized revenue figure falling short of prior expectations, weighing on AI-related names, alongside elevated Treasury yields pressuring high-valuation growth stocks. Offsetting factors include sustained data-center demand, a $150 billion share-repurchase authorization, and reports of major financing plans such as SpaceX’s potential $40 billion GPU purchase. With the next earnings release scheduled for November 18 and the stock trading near 30 times trailing earnings amid strong revenue growth, traders are monitoring whether macro headwinds or AI spending momentum dominate the session close.