Nvidia stock hits key support, forms bullish pattern as key valuation metric dips

Nvidia shares remain under pressure after the sell-off pushed the stock to $189, down 18% from its 2026 peak. The decline has cut the company’s valuation by nearly $1 trillion, reflecting deteriorating risk sentiment around its AI-linked growth prospects.

Analysis

Nvidia shares remain under pressure after the sell-off pushed the stock to $189, down 18% from its 2026 peak. The decline has cut the company’s valuation by nearly $1 trillion, reflecting deteriorating risk sentiment around its AI-linked growth prospects.