TradingKey – NVIDIA (NASDAQ: NVDA) currently trades at $194.74, down 17.7% from its all-time high of $236.54 reached on May 14 following a consolidation that chief executive Jensen Huang has dubbed a “mystery”. The chip maker posted revenue of $81.6 billion in fiscal first quarter 2027, reflecting an 85% year-over-year increase, while delivering a gross margin of 75%. The company also approved an $80 billion buyback authorisation and announced a 25-times dividend hike, arguably marking the most compelling quarter in semiconductor history. But ever since the May 20 results release, NVDA shares have sunk on each successive session.

The 4H chart has NVDA under its EMA200 (206.18) in a declining blue channel, with the RSI at 28.00…