Nvidia Sinks Amid a Chip Pullback. The Stock Is Headed for Its Worst Day in More Than a Year.

Nvidia was dropping Friday, erasing gains from earlier in the session, a day after the semiconductor maker helped push the to a record closing high. The stock dropped 4.5% to $884.84 Friday, its largest percentage decrease since May 31, 2023. The decline snaps a six-day winning streak and pauses a spectacular run that has seen Nvidia quadruple in value over the past 12 months.