Nvidia Falls to $203.53 as Rotation and Financing Worries Mount

Nvidia shares slipped more than 3% to $203.53 on July 13 amid broad tech rotation and renewed analyst caution. The pullback extends a 17% decline from recent highs after Seaport reiterated its Sell rating on June 24, highlighting balance-sheet strain and potential circular-financing risks. Despite an 85% YoY revenue beat and a fresh $80 billion buyback authorized post-earnings, memory-cost inflation for the Vera CPU and multiple 8-K governance filings have kept sentiment fragile ahead of the August 26 earnings report.