Alex Dudov
NVIDIA's share price is facing renewed pressure this morning, with pre-market trading showing a nearly 3% decline. This extends a rough stretch for the chip giant as traders pull back amid shifting sentiment and weakening momentum. The intraday chart from the previous session shows sustained selling and a consistent downward trend.
Chart Analysis: Downtrend Takes Hold
The Unusual Whales chart shows NVDA trading at $181.38, down 3.58% on the day and 2.93% pre-market. The intraday movement reveals a sharp early decline with heavy selling pressure.
The stock tried bouncing back several times, but each attempt formed a lower high—a sign that buyers are losing control.
NVDA couldn't reclaim the $188–$190 zone and instead drifted toward the $180–$182 range with no support showing up. A sharp mid-session drop—likely from stop-losses or algorithmic flows—added to the bearish tone, and the lack of any bounce afterward reinforced the weakness. The options flow shows a –$58.5M net premium, meaning institutions were positioned bearish going into this move.
What's Behind the Selling?
- Broader tech sector softness tied to macro uncertainty and higher Treasury yields pressuring growth-heavy stocks
- Cooling enthusiasm around AI-linked equities after a massive run-up
- Profit-taking from investors who’ve locked in significant gains over the past year
- Continued unwinding in options markets adding pressure to the downside
What's Next?
The $180 level is key. Whether NVDA can hold above it will determine if this is a short-term pullback or something deeper. Traders will watch for higher lows forming this week, shifts in options sentiment, and moves in broader semiconductor stocks. Despite the technical weakness, NVIDIA's fundamental story remains strong—but near-term caution is justified.
Alex Dudov
