Nvidia faces significant operating risks from cyclical semiconductor demand, potential Trump tariffs, and future competition. Find out my analysis of NVDA stock.
The VanEck Semiconductor ETF (NASDAQ: SMH), a sector benchmark, plunged from an all-time high above $280 to test crucial support near $200. This steep drop fueled fears of a prolonged downturn.
Key technical indicators are painting a similar situation as in late 2018 — when Nvidia stock saw prices go down by 60%.