Key Takeaways
- Nvidia shares tumbled nearly 7% Wednesday after the company said it’s set to take a $5.5 billion charge as a result of U.S. restrictions on exports of its AI chips to China.
- Although the stock fell sharply in Wednesday’s trading session, the price formed a doji, a candlestick pattern suggesting indecision between buyers and sellers.
- Investors should watch key support levels on Nvidia’s chart around $96 and $76, while also monitoring crucial resistance levels near $130 and $150.
Nvidia (NVDA) shares tumbled nearly 7% Wednesday after the company said it’s set to take a $5.5 billion charge as a result of U.S. restrictions on exports of its AI chips to China.
The company said via a regulatory filing that it would…
