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NVIDIA Stock Slips 3.23% Pre-Market After Explosive 18.72% AI Rally

After a massive +18.72% gain on April 9, NVIDIA Corp (NASDAQ: NVDA) is seeing a 3.23% decline in pre-market trading, with the stock priced at $110.64, down $3.69 from yesterday’s close of $114.33.

This dip comes amid profit-taking, broader market pullback, and a cautious tone ahead of the U.S. CPI inflation report—a critical macroeconomic trigger for tech stocks.


NVIDIA Stock Snapshot

MetricValue
Previous Close$96.30
Latest Close$114.33 (+18.03)
Pre-Market Price$110.64
Pre-Market Change-$3.69 (-3.23%)
Day’s High (Apr 9)$115.10
52-Week High$153.13
52-Week Low$75.61
P/E Ratio38.91
Market Cap$2.79 Trillion

Why Did NVIDIA Surge 18% Yesterday?

  • Renewed momentum in AI chip demand and investor buzz
  • Speculation around new LLM partnerships and ecosystem investments
  • Heavy tech inflows post-Nasdaq breakout
  • Short-covering rally fueled by institutional momentum plays

NVIDIA had one of the highest percentage gains on Nasdaq during the previous session.


Why Is It Falling in Pre-Market Today?

  • Profit-taking after massive one-day move
  • Traders cautious ahead of U.S. CPI data
  • Macro pressure from Dow & S&P futures weakness
  • Potential rotation out of AI momentum names into defensives

CPI Risk Looms – What It Means for NVDA

The March Consumer Price Index report is due at 8:30 AM ET, and could significantly impact NVIDIA’s momentum:

ScenarioExpected Reaction
CPI < 3.3%Rally continues, NVDA may retest $115–$118
CPI > 3.5%Sharp dip below $108 support
CPI ~ 3.4%Rangebound action; consolidation expected

Key Technical Levels – NVIDIA Outlook

TypePrice
Support 1$108.50
Support 2$105.00
Resistance 1$115.10
Breakout Level$117.75

If NVIDIA holds above $108 after CPI, bulls may attempt another breakout. A drop below $105, however, would indicate deeper consolidation.


What Should You Do?

For Traders

  • Monitor volume and CPI data closely
  • Consider buying dips only near technical support zones
  • Avoid leverage until market stabilizes

For Long-Term Investors

  • No need to panic—pullbacks are healthy post-parabolic runs
  • Re-evaluate entry zone between $105–$108
  • Continue to hold for long-term AI growth narrative

Expert Insight

“This dip was expected. The valuation jumped too fast. A CPI beat could shake tech, but NVIDIA’s leadership in AI makes it a long-term winner,” said Rishi Malhotra, Lead Equity Analyst, JPMorgan.


NVIDIA Pre-Market Decline Is a Cooldown, Not a Collapse

NVIDIA’s 3.23% pre-market decline to $110.64 is a natural reset after a power-packed rally of nearly 19%. The spotlight now shifts to the CPI release, which could either ignite another surge or deepen the dip. Stay alert, stay nimble.


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