$NVDA (NVIDIA Corporation) experienced a decline of 5% on January 7, 2025, marking its worst trading day in four months. The stock closed down 6.2% after reaching an intraday all-time high (ATH) earlier in the day. Analysts noted the presence of a bearish engulfing pattern, which is often seen as a signal for potential price reversals. Historical data suggests that similar patterns occurring at ATHs have led to substantial pullbacks in the past, with declines of 69% in November 2021, 22% in March 2024, and 36% in June 2024. The trading day was characterized by high dollar volume, indicating significant market activity.