why is nvidia stock going down today

Nvidia stock is down today largely due to broader market sentiment related to caution ahead of a key inflation report, despite positive analyst price target raises. The decline also follows a recent earnings report where Nvidia beat expectations on earnings and revenue but slightly missed on data center sales, which is a critical segment for the company. Additionally, concerns are rising about growing competition in China amid export restrictions and no sales of Nvidia's H20 AI chips in China in the last quarter. Market-wide pullbacks and a weak forecast from peer chipmaker Marvell have also put pressure on the semiconductor sector, contributing to Nvidia's stock decline today. Overall, the stock's dip today is more about market uncertainty and sector pressures rather than company-specific negative news, as Wall Street remains bullish on Nvidia's long-term AI prospects.