Nvidia Falls 2.15% to $195.79 on Semiconductor Profit-Taking

Nvidia shares fell 2.15% to $195.79 in early trading on July 1, extending losses after a 2.6% rebound the prior day that briefly reclaimed the $200 level. The pullback follows a nearly 7% decline over the past month and reflects broader sector rotation, with investors shifting into other AI-related names amid stretched valuations. The VanEck Semiconductor ETF's 70%+ surge in the first half of 2026 has prompted caution, compounded by Michael Burry's bearish options activity and softer Nasdaq and S&P 500 performance.