Stock Market Today: Nvidia Shares Retreat 2.5% Amid Broader Chip Sector Pullback

Core Viewpoint - Nvidia shares declined by 2.5% to close at $167.03 as investors engaged in profit-taking after a post-earnings rally, with trading volume at approximately 183 million shares, about 8% below the average of 200 million shares [1] Group 1: Market Performance - Major indices remained mostly flat, with the Nasdaq Composite falling by 0.39% and the S&P 500 edging up by 0.06%, indicating sector-specific selling pressure rather than broader market weakness [2] - Nvidia's semiconductor peers also experienced declines, with Advanced Micro Devices dropping by 1.45% and Broadcom falling by 3.34%, suggesting a temporary rotation out of AI-related technology stocks [3] Group 2: Sentiment and Trading Volume - Export policy uncertainties regarding China continued to weigh on sentiment, countering positive factors from strong earnings and technical indicators, while the trading volume indicated measured profit-taking rather than heavy capitulation [4] - Nvidia is currently trading near its 52-week high of $174.25, and the modest pullback is viewed as a healthy consolidation phase within a strong long-term uptrend, presenting potential positioning opportunities ahead of upcoming catalyst events in the semiconductor space [5]