Before Nvidia’s story was dominated by AI GPUs, the stock was subject to swings related to crypto demand for its graphics cards.

Nvidia Corporation (NASDAQ: NVDA), a major player in the AI industry, is facing a significant market challenge following the public debut of cloud computing firm CoreWeave (NASDAQ: CRWV).

Nvidia GTC is an annual conference where the chipmaker shares updates on its computing architecture and hosts panels about AI transformations.

Nvidia (NVDA) stock declined over 3% in premarket trading on Monday, closing the first quarter on a sour note. Investor sentiment weakened amid

Nvidia (NASDAQ:NVDA) has become the world’s second-largest company by market cap thanks to its explosive AI-driven growth. But lately, the

Nvidia stock fell more than 4% premarket Monday, after US President Donald Trump said he won’t be granting any countries softer treatment when it comes to reciprocal tariffs.

The broader market is seeing bearish momentum amid concerns about the implementation of new tariffs and related macroeconomic risk factors, and Nvidia's valuation is moving lower due to the pullback. The stock is now down roughly 22% across 2025's trading and 30% from its high.

And a death cross suggests negative momentum is picking up and that it could become a lasting trend. Now let's consider how Nvidia stock performed following its last death cross -- back in April of 2022. The measure was an accurate predictor of what was to come, as Nvidia stock sank about 45% from that point through the rest of the year.

Nvidia stock slumped this week on news that the company is at risk of losing business in China as a result of new regulation.

While investors could soon get more clarity on geopolitical matters, they seem bearish on AI stocks and worry there will be more pain ahead.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.