Nvidia stock tumbles over 2%: why investors are booking profits

Core Insights - Nvidia stock (NASDAQ: NVDA) experienced a decline as traders took profits after a period of strong performance, reinforcing its status as a "crowded winner" in the AI-chip sector [1] Group 1: Company Performance - Nvidia's stock price fell on Friday, indicating a profit-taking move by investors following a successful run [1] - The company has been recognized as a leader in the AI-chip market, contributing to its recent stock performance [1] Group 2: Market Context - The decline in Nvidia's stock is part of a broader market trend where investors are locking in gains across various sectors [1]