Reported about 1 month ago
Following a significant selloff that erased $279 billion from Nvidia’s market value, analysts are closely monitoring the stock's performance around the $100 mark, which coincides with its lowest close from the previous month. With Nvidia's recent earnings disappointing investors and raising concerns about spending on artificial intelligence, there is a sense of caution in the market. Experts suggest a potential stabilization around the key $100 level, despite ongoing scrutiny from an antitrust investigation and a volatile trading environment.
Source: YAHOO