On Friday, the shares recovered after touching the 200-week moving average. The harsh correction of Nvidia's shares, which saw a drop of more than 63%, is depicted on the weekly chart up top. I want to look at the stock again for that reason. Despite all of this, Nvidia has a great future and its stock has been severely undervalued. However, it is facing strong fundamental and technological momentum. This week, Nvidia will host its GTC event, which could serve as a trigger. Nvidia foreshadowed a significant revenue shortfall, then followed that with a sluggish quarter and dismal guidance. The Santa Clara, California, corporation is not the only one, to be sure. It has not been a terrific stretch for the stock, to put it frankly. The stock hit fresh 52-week lows on Friday and is now 64% below its November 52-week high. The pioneer of revolutionary graphics chips, Nvidia (NVDA), has had a difficult year. Watch this important support area right away. Nvidia's stock price last week reached new 52-week lows after falling more than 60% from its highs. Nvidia foreshadowed a significant revenue shortfall.Nvidia's stock price last week reached new 52-week lows.
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