Despite market-beating earnings, Nvidia's shares decline 3% in premarket trade.

• Despite beating estimates in its fiscal second-quarter results, Nvidia's shares fell in U.S. premarket trade on Thursday. However, expectations for the chipmaker remain high.
• In order to experience a rise in stock value, Nvidia would have to surpass expectations significantly, according to analysts.
• On Thursday, Nvidia's stock experienced a pullback after a meteoric rally, despite its shares having risen more than 150% this year.

On Thursday, U.S. premarket trade saw shares of the company dip, despite its fiscal second-quarter gross margin slightly decreasing and its revenue beating expectations, as the market was set against increasingly high expectations.

The company's stock initially dropped 4.6% in early premarket deals, but later reduced its losses to slide 2.77% at 10:24 London time (05:24 ET).

Over $30 billion in revenue was reported by Nvidia for the July quarter, representing a 122% increase from the previous year.

As Nvidia's expansion accelerates, comparing its quarterly revenue growth to previous periods becomes increasingly challenging.

Nvidia forecasted revenue of $32.5 billion for its fiscal third quarter, representing an 80% increase from the previous year, although this is a decrease from the growth rate seen in the June quarter.

The company stated that its full-year gross margins would be within the "mid-70% range," lower than the analysts' forecast of 76.4% as per StreetAccount.

In order to see a rise in their stock, Nvidia would have to surpass expectations significantly, according to analysts.

Nvidia's stock experienced a pullback on Thursday, despite its meteoric rally and 150% increase in value this year. The stock has also gained over 750% since the beginning of 2023, as a major beneficiary of the AI boom. Large technology companies have been investing heavily in Nvidia's graphics processing units to train large AI models.

The decline in Nvidia's stock price affected the performance of semiconductor companies worldwide, including Samsung and Taiwan Semiconductor Manufacturing Company, which saw lower stock prices on Thursday.

During its earnings call, Nvidia discussed another issue - the reported delays in the release of its next-generation Blackwell AI chip.

Nvidia Chief Financial Officer Colette Kress stated on a call with analysts that we anticipate shipping several billion dollars in Blackwell revenue during the fourth quarter.

The company also announced a $50-billion stock buyback program.

- CNBC's Kif Leswing contributed to this report.