Why Nvidia stock dropped yesterday

Nvidia's stock dropped by 2.97% yesterday, which can be attributed to a combination of factors:

1. Insider Selling: Nvidia insiders, including CEO Jensen Huang, have been selling significant amounts of company stock, with over $1 billion worth of shares sold in the past year alone. Such insider selling can be a signal to investors about the confidence that company executives have in the stock's valuation at elevated levels.
2. Export Curbs to China: There are concerns about the impact of U.S. export curbs to China on Nvidia's business. As a result, the company's stock price dropped, putting an end to its seven-day winning streak.

In summary, Nvidia's stock drop yesterday was likely a result of a combination of insider selling and concerns about the impact of U.S. export curbs to China.