TradingKey – Nvidia Stock Falls Further Toward $220; Could Breaking Below Trigger a Bigger Crash?

Nvidia (NVDA) shares recorded five consecutive sessions of pullbacks following profit-taking selling at high levels in the semiconductor and AI memory sectors after peaking at $243. In pre-market trading today, the stock continued to drop over 1%, testing near $223.

Since peaking on October 6, the continuous pullback in Nvidia’s stock price has not been driven by a deterioration in the company’s own fundamentals, but rather by multiple factors including threats from major customers developing in-house chips, volatility among competitors and supply chain partners, and broader industry ripple effects.

In early October, market rumors suggested that…