Nvidia stock closes below key support $171 for the first time since May as AI trade cools

Nvidia’s stock just plunged below a line traders have been glued to for ￰0￱ Tuesday, the world’s largest chip company closed at $167.22, dropping through its 50-day moving average of $171.02, a level it hadn’t broken since ￰1￱ plunge came during a brutal four-day losing streak, cutting Nvidia’s market value by more than $340 billion, according to data from ￰2￱ dip happened as investors started walking away from big AI names, and Nvidia is right at the center of that ￰3￱ company’s four-day decline now totals over 7%, and this comes right after it delivered a soft revenue forecast last week, raising fresh doubts about how fast the AI boom is actually ￰4￱ with the sharp selloff, Nvidia’s still up 78% from its April low, holding on to a $4.1 trillion market cap, still ahead of Microsoft, which sits at $3.72 ￰5￱ that’s not helping calm ￰6￱ now worry the hype has peaked at least for ￰7￱ eye $160 as next key level for Nvidia Buff Dormeier, the chief technical analyst at Kingsview Partners, said Tuesday’s close below the 50-day average is a clear sign things are slowing down.

“This shows how the momentum has broken down, and it makes me concerned about the stock over the short term,” Buff said . He’s now watching $160 as the next support, and if that fails, it’s $145, the same level where Nvidia bounced back in June. “If it breaks under $145, I’d be really concerned about its prospects,” Buff ￰8￱ selloff didn’t just hit ￰9￱ entire equity market came under pressure, with investors worrying about global tension and bloated tech ￰10￱ combination made it easier for fund managers to rotate out of high-flying AI ￰11￱ was a natural ￰12￱ recent gains, the stock has gone nearly vertical this year, making it vulnerable to even the slightest negative ￰13￱ that trigger came ￰14￱ week’s earnings guidance didn’t deliver the confidence Wall Street was hoping ￰15￱ didn’t panic, but the tone definitely ￰16￱ are still forecasting over 25% upside based on average price targets, but no one’s pretending like the next leg up is ￰17￱ Buff put it, “There’s still long-term opportunity, but it seems like it has peaked for the short or intermediate term.” China builds its own AI chips as Nvidia faces pressure from both sides While Nvidia struggles to hold investor trust amid the rapidly growing AI market, China is pushing hard on its AI Plus plan, which will supposedly embed artificial intelligence across nearly every industry by ￰18￱ is backed by massive investment into homegrown chips, high-bandwidth memory, and a nationwide supercomputing ￰19￱ that effort is Cambricon, a local chipmaker that’s calling itself China’s Nvidia alternative, but Beijing doesn’t need Cambricon’s Siyuan chips to beat Nvidia’s Blackwell ￰20￱ it wants is “good enough” tech that can support the country’s AI ambitions without relying on ￰21￱ country’s political class isn’t chasing ￰22￱ wants ￰23￱ Cambricon gives it just ￰24￱ puts Nvidia in a nasty ￰25￱ company is caught between Washington’s export restrictions and China’s push for chip ￰26￱ to keep both sides happy is backfiring.

Nvidia’s now serving two masters and satisfying neither, a problem that’s only going to get harder as the tech war and geopolitical pressure ￰27￱ up to Bybit and start trading with $30,050 in welcome gifts