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

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Nvidia shares fell 2.5% to $167.03 on July 22, driven by profit-taking after a post-earnings rally. Trading volume was about 183 million shares, below the average of 200 million. The decline occurred amid a flat market, with the Nasdaq down 0.39% and the S&P 500 up 0.06%. Other chipmakers like AMD and Broadcom also saw declines. This suggests a temporary rotation from AI stocks, influenced by export policy uncertainties with China. Despite the pullback, Nvidia's fundamentals remain strong, indicating potential buying opportunities ahead of upcoming semiconductor events.
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