社区

'It's called exhaustion,' analyst says in wake of frenzied rally. Nvidia Corp.'s stock has been nearly invincible lately and initially seemed on track Friday to log its seventh session in a row of gains - before a dramatic reversal lower.The stock was up as much as 5.1% Friday morning, before sharply changing course to be down 3.9% in recent action. The last time Nvidia's stock was up at least 5% intraday but ended the session lower was Jan. 27, 2022, when it rose as much as 5.4% but finished off 3.6% according to Dow Jones Market Data."It's called exhaustion," Mizuho desk-based analyst Jordan Klein told MarketWatch in an email. Semiconductor stocks have been "way overbought and when they start to fade, you see the quant machines sell and then retail worries and it just accelerates.". He added that investors should keep in mind that Nvidia and other AI-winner stocks in the chip sector "cannot trade up every single day," as they seemingly and unnaturally had been lately.