NVDA Breakdown: Is a Trend Reversal Unfolding?

NVDA is showing signs of weakness, with an A-B-C correction potentially unfolding, hinting at a trend reversal. The near-term peak in AI compute demand, proven by DeepSeek, and NVDA’s reliance on Taiwan-based TSMC amid geopolitical risks add fundamental pressure. Broader market sentiment hasn’t turned fully bearish yet either, with CPCE unchanged for March — suggesting market participants haven't fully priced in further downside.