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Nvidia (NVDA) Lags Semiconductor Rally as Technical Momentum Fades on Custom Chip Threats

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The Story

News Summary

  • Nvidia shares slipped to $206.91, underperforming rivals as competition grows from custom chips and big tech.
  • While long-term analyst forecasts remain optimistic, technical indicators suggest short-term momentum is fading, keeping the stock range-bound between key support and resistance levels.
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NVDA price history

218.29 +19.87% over the displayed period

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