Nvidia Lower Heading Into Q3 Report

NVIDIA Corporation NVDA shares are trading lower by $7.12 (3 percent) at $202.04 in Thursday's session.

Investors are taking some chips off the table ahead of its Q3 report after the bell. Street estimates for EPS stand at 94 cents on revenues of $2.36 billion.

See Also: Nvidia Q3 Earnings Preview: A Tale Of Outstanding Fundamentals, Pricey Stock

After a lower open, Nvidia found resistance well ahead of the bottom of Wednesday's range ($207.24), only reaching $205.60, and continued its move lower. The follow through decline took the stock to $200.27, but rebounded off that low. That marks the lowest level for the stock since October 27, when it bottomed at $196.75.