Stock in Nvidia, the only company that now holds a $4 trillion valuation, is starting to show signs of technical fatigue, while the rival chip maker Advanced Micro Devices is gaining strength. The daily chart below indicates Nvidia could be heading for a retest of a former breakout level,

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

Following the robust rally, NVDA's valuation has reached an elevated level, with its Price-to-Sales (P/S) at 30, markedly higher than the sector median of 3. This suggests the stock is priced at a premium compared to its peers.

This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.

Nvidia's stock was falling 3.2% in recent trading, enough to push it below its 20-day moving average ($178.49) -- a short-term trend tracker -- for the first time since April 23. That snaps an 80-session streak above the 20-DMA,

The sudden reversal shows how the hottest AI trade and top-performing stock of the year is colliding with a broader market rotation out of big tech.

Nvidia stock has suffered its biggest drop in months amid a broader selloff in highly valued technology companies.

KeyBanc Capital Markets has boosted its price forecast for Nvidia Corp. (NVDA), anticipating strong results from the chipmaker ahead of its upcoming second quarter (Q2) earnings report. The firm now expects Nvidia’s stock to reach $215,