Nvidia (NASDAQ: NVDA) closed on Tuesday at $130.39, marking a 1.22% decline after slipping as low as $127.07 before reclaiming the critical $130 psychological support level. The chipmaker’s retracement may signal a potential turning point as it continues to weather recent market volatility.In pre-market trading on Wednesday, Nvidia showed signs of recovery, climbing 3.21% to $134.58. The bounce comes as Wall Street analysts maintain their confidence, reiterating buy ratings and highlighting the long-term gr ...

Key TakeawaysNvidia shares fell for the fourth straight session on Tuesday, extending their slide into a technical correction as the stock is down 15% from last month's record high.After setting a record high, the stock traded mostly sideways before falling below the 50-day moving average late last week. potentially setting the stage for further consolidation.Investors should watch key support levels on Nvidia's chart around $115 and $102, while also monitoring important resistance levels near $140 and $150 ...

Nvidia continues to feel pressure.In today's video, I discuss recent updates affecting Nvidia (NVDA -2.25%) and other semiconductor stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Dec. 16, 2024. The video was published on Dec. 17, 2024. ...

Nvidia (NASDAQ: NVDA) began December 2024 on a weaker note, with its share price slipping below the critical 50-day moving average to trade at $131 as of press time.While such a drop may raise concerns, analysts point to a significant long-term opportunity, suggesting the current dip could serve as a launchpad for a major rally, projecting NVDA to hit $320 by summer 2025.As of the market close on December 16, NVDA shares are down 4.3% over the past five days and have shed 5% on the monthly chart, reflecting ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

As Nvidia (NASDAQ: NVDA) stock continues to face bearish sentiment after plunging below $140, a technical strategist has weighed in on the potential impact of this downturn on the broader market.Nvidia has enjoyed an impressive run for most of the past year, fueled by its dominance in producing artificial intelligence (AI) chips. However, this leadership position has sparked concerns that if the chipmaker’s stock crashes, it could drag down the entire stock market, at some point earning comparison to Cisco’ ...

It may be fun to watch some stocks rocket higher, and it's tempting to want to own one before that parabolic move occurs. Investing for retirement doesn't mean trying to score with one big buy, though. In fact, that can lead to fear and anxiety over one's nest egg. Consider what it would have been like if all your savings had been tied up in Tesla stock when it plunged by 65% in 2022.But allocating a reasonable amount, continuing to invest, and holding shares in a great business through the inevitable ups a ...

Nvidia Stock Slump Deepens. This Has Driven It Into a Correction. ...

Shares of Nvidia (NVDA -1.68%) have doubled in each of the last two years. The stock soared 239% in 2023 and is up 170% year to date at the time of this writing. Investors expect Nvidia to report another year of strong growth in 2025 as $1 trillion worth of data center infrastructure transitions to more advanced hardware for artificial intelligence (AI).It might be tempting to buy the stock anticipating another year of outstanding returns. But let's look at where Nvidia's data center business stands heading ...

ToplineLongtime Wall Street favorite Nvidia extended a rare down stretch, as shares of the artificial intelligence colossus slipped into correction territory, a ding that comes as Nvidia’s trillion-dollar peers enjoy a robust period of gains.A Nvidia display in Shanghai.CFOTO/Future Publishing via Getty Images Key FactsNvidia stock fell 1.7% Monday to $132, its lowest end-of-day share price since Oct. 15. That’s 11% below the stock’s all-time closing high of $149 set Nov. 7, officially heading into a corre ...