Will Nvidia stock drop below $100 this week?

Core Viewpoint - Nvidia's stock is facing significant downward pressure, nearing the critical $100 support level, with a year-to-date decline of over 22% in 2025, raising concerns about the sustainability of its AI-driven gains [1][2]. Stock Performance - Nvidia's stock closed at $106.98 after a drop of over 5% in the last session, indicating a potential risk of falling below the $100 mark if broader market trends remain bearish [1][2]. - The stock has been locked in a channel up pattern since June 2024, with the current dip being viewed as a bearish leg within this structure [3]. Technical Analysis - The stock recently touched a higher low trendline, which has historically triggered strong rebounds [4]. - Previous patterns indicate that when the one-day relative strength index (RSI) hit 34, Nvidia experienced a minimum bounce of 26.85%, suggesting a potential recovery if this pattern repeats [5]. - Analysts are monitoring support zones between $102 and $77, with pivot points identified at $91 and $75, indicating a real possibility of dipping below $100 [7]. Fundamental Analysis - Nvidia reported record-breaking revenue of $39.33 billion in Q4, exceeding estimates of $38.05 billion, with net income nearly doubling to $22.09 billion [9]. - The company's next-generation Blackwell AI chip generated $11 billion in revenue, marking the fastest adoption in its history [10]. - Nvidia anticipates $43 billion in first-quarter revenue, reflecting a 65% year-over-year growth, supported by bullish forecasts from Wall Street analysts predicting the stock could surpass $150 in the next 12 months [10].