Nvidia shares slipped by roughly 2% on Thursday after a broad retreat in risk assets weighed on global markets and triggered sharp reversals in technology names. The decline came just one session after Nvidia closed at its strongest level since early November, highlighting how quickly investor sentiment can turn in an environment of heightened macro uncertainty. This pullback was part of a wider sell-off that saw both equities and bond yields move lower, underscoring the sensitivity of high-momentum growth stocks to shifts in market risk appetite.

Several major brokerages continue to rate Nvidia as a top pick for 2026, citing its dominant position in AI accelerators and data-center GPUs. Morgan Stanley maintained its ‘Overweight’ view, pointing to robust channel checks across hyperscale and enterprise customers and forecasting north of 60% revenue growth for the coming year. Bernstein likewise reiterated its ‘Buy’ opinion, noting that pullbacks represent attractive entry points given Nvidia’s unparalleled scale, strong execution record and multi-year visibility into demand driven by AI infrastructure expansion. Over the past three months, analysts have handed the stock more than 40 buy recommendations, reflecting broad confidence in its secular growth story.

Nvidia is reportedly in discussions to invest approximately $30 billion in OpenAI, a move aimed at deepening its footprint in generative AI and securing long-term partnerships around training large language models. At the same time, CEO Jensen Huang confirmed that the licensing process for the H200 AI chip in China is nearing completion, and the company is optimistic about obtaining approval for commercial shipments. These strategic initiatives underscore Nvidia’s dual focus on sustaining leadership in cutting-edge AI hardware while broadening its addressable market through collaborative investments and regulatory wins overseas.