Nvidia will report earnings Wednesday night amid souring sentiment around AI buildout beneficiaries. The stock has experienced a seven-day losing streak, falling over 7% while underperforming the Nasdaq’s roughly 3% pullback. Technically, the stock is approaching key support around $207, where the 50-day moving average sits, and potentially the $195 region, where the 200-day moving average is located. The MACD indicator shows a bearish posture with the blue line crossing below the signal line, though it remains above the 0-line, awaiting confirmation. The relative strength index stands in the mid-40s, far from oversold conditions below 30, suggesting there is still room for further decline before buyers step in.
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