End of AI boom? Nvidia's stock suffers bearish reversal not seen in 7 years

Nvidia’s (NASDAQ: NVDA) stock, riding high on the wave of artificial intelligence (AI) demand and profitability, experienced a significant setback on Friday, March 8, signaling a potential end to its recent bullish streak. Initially poised for continued sessions of gains targeting the $1,000 resistance, the stock took a sharp turn, ending the last day of the week down 5.5% after having surged as much as 5.1% earlier in the morning of March 8. This drastic reversal marks the first time since June 2017 that t ...