Nvidia Stock Forecast: NVDA lets go of 5% on Friday after Thursday’s all-time high

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• US NFP revisions worry the market on Friday.
• Unemployment Rate rises to 3.9%, above 3.7% consensus.
• China raises $27 billion investment vehicle to produce advanced chips.
• NASDAQ drops a full percentage point, while Nvidia loses 5%.

Nvidia (NVDA) stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February distressed the market. February hiring was ahead of consensus, but January data saw a large-scale revision lower, while the Unemployment Rate rose to match the two-year high at 3.9%.