Nvidia stock falls more than 6% as investors rotate out of chip heavyweight

Nvidia stock falls more than 6% as investors rotate out of chip heavyweight
https://finance.yahoo.com/news/nvidia-stock-falls-more-than-6-as-investors-rotate-out-of-chip-heavyweight-165458081.html

Summary

Certainly! Here are the key takeaways from the article about Nvidia's stock performance:

• Recent Decline: Nvidia (NVDA) stock fell over 6% to close at $118.11 per share, marking the third consecutive day of losses[^1^][1]. The stock has declined more than 12% from its all-time high[^2^][2].
• Market Cap: Nvidia's market cap briefly surpassed Microsoft's but has since fallen below both Microsoft and Apple.
• Analyst Views: Wall Street opinions on the stock vary, with some seeing short-term volatility and others maintaining a positive outlook.
• Ecosystem Impact: Analysts suggest monitoring downstream profitability in the AI ecosystem to gauge Nvidia's long-term prospects.

Overall, Nvidia's stock remains a topic of interest and debate among investors.