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NVIDIA|Tests Critical Support Amid AI Sector Weakness

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Nvidia’s stock has been in a sharp decline, driven by broader market weakness and negative sentiment in the AI semiconductor sector following Marvell Technology’s earnings miss. The price is now testing a critical support level within its long-term uptrend channel, around 109.36.

If this support holds, a rebound toward 116.77 or 123.64 is possible. However, a break below 109.36 could send the price toward 101.60, signaling a deeper correction. Market sentiment and upcoming developments in the AI sector will be key in determining the next move.
Not
The price touched the resistance of 116.77; wait to break this level
İşlem aktif
The price has risen as anticipated and is currently trading above 116.77, moving toward 123.64. A breakout above this resistance level is expected to lead the price toward the resistance zone at 129.34 and 135.74.

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