Nvidia's Q2 earnings did beat the analysts estimates & even the Q3 guidance was higher than average analyst estimates but the beat was the smallest in last 2 years. Combine that with the lack of clarity on the timing & amount of shipment of it's forthcoming Blackwell Chips, we get a sense that the stock might correct towards 100 levels than making new highs above 141 levels. Large investors such as CALPERs too have started exiting the stock in Q2.
