TradingKey – At the close on November 4 Eastern Time, Nvidia (NVDA) shares weakened again, closing down 3.17% at $200.13 after falling to an intraday low of $199.68, marking a seventh consecutive losing session and hitting a near three-month low. Since reaching an all-time high of $243.37 on October 6, Nvidia has retreated more than 16% cumulatively, recently breaking below multiple key moving averages as its short-term downtrend persists.

Nvidia’s recent ongoing pullback is linked to a broader cooling across the AI tech sector. Since October, major tech companies including Alphabet (GOOGL), Meta (META), and Amazon (AMZN) have continued to increase AI infrastructure capital expenditures, shifting market focus from the scale of AI…