:max_bytes(150000):strip_icc()/NVDAChart-c15659793ec44a4aa16212d00656204d.GIF?w=1024&resize=1024,1024&ssl=1 "Watch These Nvidia Price Levels as Stock Slips on News of Chinese Rival’s AI Chip")
Key Takeaways
- Nvidia shares fell on Monday to snap a four-day winning streak following news that China’s Huawei Technologies is developing a rival AI chip.
- The stock has pushed up against the upper trendline of a falling wedge pattern, potentially paving the way for a bullish breakout.
- Investors should watch key overhead areas on Nvidia’s chart around $115 and $130, while also monitoring crucial support levels near $96 and $87.
Nvidia (NVDA) shares fell on Monday to snap a four-day…
Article Source
https://www.investopedia.com/watch-these-nvidia-price-levels-as-stock-slips-on-news-of-chinese-rival-ai-chip-11723873