Nvidia (NASDAQ:NVDA) stock has been on a remarkable run, with its dominance in AI chipmaking playing a crucial role in its ascent to becoming

For Nvidia, the most widely accepted thesis explaining the rapid rise of its stock is that the company will be the engine behind the AI boom. The AI revolution will require millions of GPUs, and Nvidia will be selling many of them, generating hundreds of billions in revenue and profits.

Artificial intelligence stocks were broadly moving higher Monday with industry leaders like Nvidia (NASDAQ:NVDA) and Palantir Technologies (NASDAQ:PLTR) rising about 4% in late afternoon trading. Yet the sector as a whole was seeing bullish support,