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

Nvidia (NASDAQ: NVDA) shares declined 2.5% to close at $167.03 on July 22 as investors engaged in profit-taking following the stock's post-earnings rally. Approximately 183 million shares of the chipmaker's stock changed hands -- roughly 8% below its average volume of 200 million shares.The pullback occurred as major indices remained mostly flat, with the Nasdaq Composite falling 0.39% while the S&P 500 edged up slightly by 0.06%. Nvidia's underperformance relative to these benchmarks highlights sector-specific selling pressure rather than broader market weakness, as investors recalibrated positions in technology stocks.Nvidia's semiconductor peers experienced similar declines, with Advanced Micro Devices dropping 1.45% and Broadcom falling 3.34%. This coordinated retreat across chip manufacturers suggests a temporary rotation out of AI-related technology stocks that had recently seen substantial gains.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool