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date
03/09/2025
European Central Bank official De Guindos stated that France urgently needs to address the challenges of the deficit and debt.
Latest
2 m ago
Google's US stock rose 8% after hours.
2 m ago
Gold futures in New York broke through $3,600, reaching a new all-time high.
4 m ago
Afghanistan earthquake causes casualties, Chinese embassy in Afghanistan transfers earthquake relief donations to the Afghan side
5 m ago
NVIDIA stock price falls for the fourth consecutive time and loses a key technical level, analysts warn of the risk of short-term momentum weakening.
5 m ago
Nvidia fell as much as 4% to $167.22 in intraday trading on Tuesday, the fourth consecutive trading day of decline, and dropped below the 50-day moving average of $171.02. This widely watched technical level breach is seen as a negative signal for short-term momentum weakening. Buff Dormeier, Chief Technical Analyst at Kingsview Partners, said, "This shows that the upward momentum has dissipated, which makes me concerned about the short-term trend of the stock." He considers the 50-day moving average as a key reference indicator. Dormeier believes that $160 is the next support level followed by $145 - a level that was an important threshold before breaking in June. He added, "If the stock price falls below $145, I will have serious concerns about its outlook." The stock price of this chip manufacturing giant has been falling in sync with the market, as geopolitical concerns and high valuation pressures continue to ferment. Despite Nvidia's cumulative decline of over 7% in the last four trading days, leading to a market cap erosion of over $340 billion, the overall trend of the stock remains upward in the short term.
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