📉 $NVDA closed at 166.19 USD after a volatile session sparked by Jensen’s resignation
Nvidia closed Thursday’s session at 166.19 USD, down 4.34% for the day, on record trading volume of around 747.7 million shares. During the session, the stock opened at 150.99 USD, at one point plunging to 148.80 USD—down nearly 14%—before rebounding sharply as bargain hunters stepped in. After hours, the price edged up to around 168.34 USD.
$NVDA has lost around 20% from its October peak, but the rebound from the session low shows that buyers are still ready to scoop up shares, even as the worst possible news—the resignation of its 33-year founding CEO—just hit.
📌 A bit of insight: A session with a very long lower candle wick (the price hits a deep low and then closes much higher) often signals strong buying at the lows. But confirming the trend will take another session: if the price holds above the 166–168 USD range, the rebound has a solid basis; if it falls below the 148.80 USD low again, selling pressure will return.
The earnings report on 17/11 will be the next test—the first under interim CEO Colette Kress. Do you think $NVDA has bottomed out, or is this rebound just a pause before further declines?
Nvidia closed Thursday’s session at 166.19 USD, down 4.34% for the day, on record trading volume of around 747.7 million shares. During the session, the stock opened at 150.99 USD, at one point plunging to 148.80 USD—down nearly 14%—before rebounding sharply as bargain hunters stepped in. After hours, the price edged up to around 168.34 USD.
$NVDA has lost around 20% from its October peak, but the rebound from the session low shows that buyers are still ready to scoop up shares, even as the worst possible news—the resignation of its 33-year founding CEO—just hit.
📌 A bit of insight: A session with a very long lower candle wick (the price hits a deep low and then closes much higher) often signals strong buying at the lows. But confirming the trend will take another session: if the price holds above the 166–168 USD range, the rebound has a solid basis; if it falls below the 148.80 USD low again, selling pressure will return.
The earnings report on 17/11 will be the next test—the first under interim CEO Colette Kress. Do you think $NVDA has bottomed out, or is this rebound just a pause before further declines?
