Nvidia rout has traders watching key level amid 'vacuum'

Published On Sep 4, 2024, 8:05 AM

Traders are closely monitoring Nvidia's stock price as it approaches the critical $100 per share mark, a point that some analysts describe as a significant 'vacuum' in pricing. Following a recent downturn, the stock has faced pressure, leading to speculation about potential movements around this psychologically important level. Market sentiment remains cautious, and the volatility suggests that a breach of this price could lead to larger fluctuations in the stock value.