NVDANVIDIA Corporation
212.60
-1.05%
SUPPORT:204.58196.56
RESISTANCE:220.62228.64
Past
What happened
NVDA fell 1.05% to $212.60, underperforming the broader chip group as profit-taking weighed. The stock is now 10.1% below its all-time high of $236.54, with rotation into memory names (Micron, SK Hynix) the active narrative.
Why
Why it matters
The AI-trade has fragmented — capex commitments are still record-high but investors are diversifying within the chip stack. SK Hynix beating NDX by widest margin since 2001 is the cleanest tell of money rotating OUT of mega-cap GPU names.
Watch
What to watch
$204.58 (ATR support) is critical — a break invites $196.56 (2σ) and tests the 100dma. Resistance $220.62. Earnings season is past; PCE Friday plus any Taiwan supply-chain headlines drive direction.
HEADLINES
- SK Hynix and Micron lead AI boom, join trillion-dollar clubYahoo Finance Video
- The Micron stock price bubble explained in 2 numbersYahoo Finance
- How does Micron stack up to Nvidia after reaching $1T market cap?Yahoo Finance Video