Nvidia’s stock has fallen sharply over the past month, raising concerns about its future.
Analysts are focusing on the 200-day moving average, which the stock dropped below in January for the first time in over two years. Despite a slight rise on Tuesday, the stock remains well below this key level.
Todd Sohn, senior strategist at Strategas Securities, notes that a downward-sloping 200-day moving average signals weakened momentum.
He points to $113 per share as an important level, with further declines possible. Rick Bensignor, CEO of Bensignor Investment Strategies, expects Nvidia could drop to $107-$103, with support at $90.
This downturn is part of a larger trend affecting major tech stocks, with broader market concerns, including tariffs and China exposure, contributing to the slide.
While some remain optimistic about Nvidia’s role in AI, others believe the stock has peaked. Analysts advise caution until market pressures ease.
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