NVIDIA’s seven-session decline reflects rising caution ahead of earnings, with investors weighing strong AI demand against higher memory-driven server costs. Reported price increases above 15% could pressure customers and raise questions about AI infrastructure spending, even if demand remains robust. The broader memory-stock selloff adds sector-wide pressure, while potential U.S. policy changes on Apple’s sourcing could further alter competitive dynamics. Earnings guidance will likely determine whether the recent weakness proves temporary or signals broader concerns.