Traders Seek Support in Charts After Nvidia (NVDA) Loses $430 Billion in Market Value – Bloomberg

Nvidia, a leading technology company, has recently experienced a significant drop in its market value, with a total liquidation worth $430 billion. This has led traders to closely analyze the stock’s performance and look for signs of support on the charts. The sharp decline in Nvidia’s market value has raised concerns among investors and analysts, who are keen to understand the reasons behind this sudden drop. Traders are closely monitoring the stock’s movements on the charts in search of potential levels of support that could help stabilize its value. Nvidia’s recent struggles have sparked discussions within the investment community about the company’s future prospects and the impact of this significant liquidation on its overall performance. As traders continue to analyze the situation, Nvidia remains a key focal point in the financial markets.

Article Source
https://www.bloomberg.com/news/articles/2024-06-24/nvidia-s-13-stock-rout-has-traders-scouring-charts-for-support