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Nvidia (NASDAQ: NVDA) closed Friday’s session at $198, down 0.5% for the day.
A TradingView analyst predicts Nvidia stock could fall to $110 by mid-September 2026.
KEY POINTS
- Nvidia is showing a double-top pattern near recent highs, echoing pre-crash setups from 2018 and 2022.
- The forecasted correction is based on weakening monthly RSI and decade-long cyclical patterns.
- Despite the warning, Nvidia posted record fiscal 2026 quarterly revenue of $68.1 billion, up 73% year-over-year.
- Nvidia has recently secured Pentagon AI contracts alongside Microsoft and Amazon amid ongoing supply constraints.
COMPANIES
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