NVIDIA (NVDA) shares dropped 3.11% to $174.74 as the stock extended a 7-day downtrend, driven primarily by profit-taking in the tech sector and general caution regarding the AI industry.
- The decline mirrored the broader market, with the Nasdaq Composite falling 1.08% following weak ADP jobs data and a hawkish Fed Chair nomination.
- Zacks maintains a Rank #2 (Buy) and "Medium confidence," noting high investor search interest despite the lack of NVDA-specific catalysts.