Watch These Nvidia Stock Price Levels as AI Darling Navigates Market Volatility [Video]

Nvidia (NVDA) shares gained ground in Tuesday’s premarket trading session, a day after dropping more than 6% amid a broad-based market decline and following reports that the AI darling’s highly anticipated Blackwell chips will be delayed by at least three months due to design flaws.

Since hitting a record high on June 18, Nvidia shares have fallen 26% as investors cash in on chip stocks over worries about tightening export curbs with China and elevated valuations driven by the AI narrative that has gripped Wall Street following OpenAI’s release of ChatGPT in November 2022.

Below, we analyze Nvidia’s chart and point out key support and resistance levels to watch out for as the company navigates ongoing market volatility.

While the chipmaker’s stock price recovered from its session lows on Monday to close above the key $97 support area, it remains precariously positioned roughly midway between the 50- and 200-day moving averages (MAs)…