On June 3, NVIDIA fell 3.07% in regular trading, trading at $215.735/share, with trading volume of $11.158 billion. The decline comes as major U.S. indices sold off sharply, with the Nasdaq falling over 0.8%, dragging large-cap tech names including NVIDIA, Microsoft, and TSMC lower.
The pullback follows a strong four-session rally in which NVIDIA surged approximately 17%, adding nearly $424 billion in market capitalization. Investors had been aggressively buying the dip ahead of elevated expectations surrounding AI infrastructure spending. With NVIDIA's forward P/E having compressed to around 36x from 44x at its peak, the recent rally attracted significant positioning, as evidenced by call option volume comprising 72% of total options activity in recent sessions.
The selling pressure also comes after NVIDIA's Computex announcement of RTX Spark, its new PC processor targeting the Windows AI PC market, which rattled competitors Qualcomm, Intel, and AMD but may have prompted some profit-taking among NVIDIA shareholders following the news-driven rally. NVIDIA's CEO had affirmed sufficient production capacity to meet strong CPU and GPU demand growth.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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