Nvidia Down About 10% From All-Time Highs: Prominent Trader Says He Has Cashed Out Of The Stock Barely A Week Ahead Of Earnings And Will 'Decide On Re-entering' Later

Nvidia has been consistently outperforming elevated expectations for multiple quarters, thanks to strong demand for its AI accelerators. The stock is up over 150% year-to-date, outperforming most of its semiconductors peers by a mile.