Nvidia Stock Price Outlook: Technical Analysis Suggests More Pain Ahead
- Nvidia stock is trading below a key technical level after this week’s $600 billion rout.
- The decline comes amid investor concerns over DeepSeek, a new AI model from a Chinese startup.
- The next catalyst for Nvidia is likely to be its earnings report on February 26.
Nvidia stock is on thin ice as it trades below a key technical level for the first time since January 2023.
Shares of the graphics processing unit maker have plunged 16% since investors descended into a panic earlier this week over a new AI model from the Chinese startup DeepSeek.
The drop, which erased nearly $600 billion in Nvidia’s market value in a single day, sent the stock to its 200-day moving average.
That threshold is a closely watched…
