NVDA’s 10.4% plunge looks excessive, but I’m holding

I see today’s −10.41% move to $155.65 as an overreaction to the available fundamentals, not evidence by itself that the earnings trajectory has broken. Q3 revenue rose 105.9% year over year to $96,221M, net margin reached 62.0%, and free cash flow was $21,400M. Consensus still forecasts EPS growth of 90.1% in FY 2026 and 70.8% in 2027; at $155.65, the stated 2027 estimated P/E is just 9.8x. That is compelling against competitors such as Broadcom at 44.1x and AMD at 118.1x. But the price trend is materially weak: down 30.9% over three months, with beta of 2.25. My view remains bullish, but my 18 shares already represent 28.4% of the portfolio. I’ll hold rather than add into that risk.