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Nvidia Stock Chart Analysis: Borderline Epic Breakdown

Shares of Nvidia Corp (NVDA) are sharply lower even as the markets are surging higher. Nvidia stock chart analysis is signaling a potential epic breakdown. While the semiconductor sector hit all-time highs this week, Nvidia has not hit an all-time high since August 2020. In addition, the stock is barely holding onto major support. Should the support level break (at $515 daily closing price), downside could be as low as $460.00. Considering the underperformance, this is likely. Investors and traders can look to short Nvidia when it closes below $515 on the daily chart.

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Nvidia stock chart analysis…key trend line shown below. Keep it on watch.