Nvidia Holds Near Lows as Overspending Fears and $13B Insider Sales Weigh

Nvidia has slipped roughly 8% below its May 20 post-earnings peak amid resurfacing concerns over hyperscaler ROI and capital intensity. Strong Q1 FY2027 results of $81.6 billion revenue (+85% YoY) initially fueled optimism, yet analysts now debate whether the AI boom is entering a more rational spending phase after 2026 capex forecasts reached $750 billion. Renewed rotation into defensives accelerated after June 9 reports highlighted nearly $13 billion in net insider sales across Nvidia, Palantir, Micron and Broadcom over three years. Bullish long-term views persist, with SpaceX and Anthropic IPOs expected to sustain AI infrastructure demand through 2030.