
Nvidia Corp. has experienced a bearish technical signal known as a 'death cross,' where its 50-day moving average has crossed below its 200-day moving average. This pattern, which occurred on Thursday, has put traders on high alert as it often indicates a shift from bullish to bearish sentiment in the stock's momentum. The death cross comes at a time when Nvidia's shares are down more than 2% early Friday, following a week where the stock was poised to end down more than 4%. The stock has already pulled back over 20% from its recent all-time highs and is down 13% year-to-date, raising concerns among investors about the company's future performance. This technical signal is significant for Nvidia, a market leader in the semiconductor sector, as it may influence broader market sentiment and trigger algorithmic selling. The timing of the death cross coincides with increased worries about tech valuations and persistent inflation. The last time this pattern occurred in April 2022, Nvidia's shares tumbled more than 30% over the next two months.

