Watch These Nvidia Stock Price Levels After Nearly $600B Wiped From Market Value
Key Takeaways
- Nvidia shares plunged Monday amid concerns that a powerful, cost-efficient AI model developed by a Chinese startup could herald a reduction in Big Tech’s investment in the chipmaker’s pricey AI offerings.
- The stock broke down below a seven-month rising wedge and finished the session below the closely watched 200-day moving average, potentially setting the stage for follow-through selling.
- Investors should watch crucial support levels on Nvidia’s chart around $102, $96, and $76, while also monitoring a key overhead area near $130.
Nvidia (NVDA) shares plunged Monday amid concerns that a powerful, cost-efficient AI model developed by Chinese startup DeepSeek could herald a reduction in big tech’s investment in the…
