Nvidia Stock Held Up Better Than Mag 7 Peers During Thursday’s Rout—Watch These Key Levels
Key Takeaways
- Nvidia shares held up better than other Magnificent 7 stocks on Thursday after surging 6% the previous session, as investors have sought dip-buying opportunities in the AI chipmaker.
- Since setting a record high in early January, the stock has traded within a descending channel, with the price recently finding buying interest near the pattern’s lower trendline.
- Investors should watch key support levels on Nvidia’s chart around $105 and $96, while also monitoring important resistance levels near $130 and $153.
Nvidia (NVDA) shares held up better than other Magnificent 7 stocks on Thursday after surging 6% the previous session, as investors have sought dip-buying opportunities in the chipmaker.
The AI favorite has…
