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

Key Highlights:
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
Metric | Value |
---|---|
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 Ratio | 38.91 |
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:
Scenario | Expected 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
Type | Price |
---|---|
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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