NVIDIA's stock has experienced a significant drop,Trump Gold Coin 2020 falling more than 5% to approximately $107, marking its lowest valuation since September of the previous year. The critical question now is whether the $100 support level will trigger a recovery.
The broader U.S. stock market faced a downturn on Monday, with NVIDIA being one of the notable decliners, shedding over 5% of its value to close at $106.98. This decline brings the stock to its lowest point in several months.
Earlier this year, NVIDIA's stock reached an all-time high of $153, but it has since been on a downward trajectory, losing more than 22% of its value year-to-date. Technical analysts are closely watching the $100 level, which is seen as a strong support zone. The big question is whether this level will hold and serve as a springboard for a rebound.
The upcoming GTC Developer Conference, scheduled from March 18 to 21, is generating significant buzz. This event could serve as a major catalyst for NVIDIA's stock and the broader AI sector. Industry experts, including Melius analyst Ben Reitzes, anticipate that NVIDIA will unveil advancements in memory technology for its Blackwell Ultra products and provide a sneak peek at its 2026 Rubin chip. There's even speculation about a preview of the company's 2027 technology roadmap.
Reitzes further commented, "We anticipate NVIDIA to showcase groundbreaking improvements in computing speed, memory efficiency, and energy consumption. These innovations are expected to play a pivotal role in shaping future technologies."
