Workflow
Will Nvidia stock crash below $130 this week?
NvidiaNvidia(US:NVDA) Finboldยท2024-11-27 16:18

Core Viewpoint - Nvidia is facing challenges in maintaining investor confidence despite strong earnings results, as evidenced by a decline in stock price following the Q3 FY2025 earnings call [1][2]. Stock Performance - Nvidia's stock price dropped from $145.89 to $132.39, reflecting a 9.25% decrease, which has reduced year-to-date returns to 174.85% [2]. - The stock remains a consensus 'Buy' among analysts, with increasing price targets from major Wall Street firms, yet aggressive profit-taking is observed in the market [2]. Market Sentiment - There is speculation about Nvidia's stock potentially falling below the $130 mark, which could intensify bearish sentiment and worsen the current selloff [3]. - The stock has been trading within a wide range of $132.11 to $152.89 over the past month, currently positioned near the lower end of this range [4]. Technical Analysis - Nvidia's stock is near the upper part of its 52-week range but has been underperforming compared to the S&P 500, which is nearing an all-time high [5]. - A critical support level exists at $131.60, which, if breached, could lead to further price declines as investors seek to lock in profits [6]. Investor Behavior - The current selloff is primarily driven by institutional investors rather than retail investors, with expectations that large players will lock in gains and potentially re-enter at lower price points [7].