Nvidia Sinks Below 200-Day Moving Average For First Time In 2 Years As DeepSeek Sparks Historic Technical Reset
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2025
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Source: Benzinga
Nvidia's Stock Plunge: Nvidia Corp. experienced a significant drop in stock value, losing 16% and breaking below its 200-day moving average, largely due to concerns over competition from the Chinese AI platform DeepSeek, which is perceived to be reducing demand for Nvidia's advanced chips.
Security Concerns with DeepSeek: The rapid adoption of DeepSeek raises serious privacy and security issues, particularly regarding data handling under China's regulatory environment, prompting warnings from cybersecurity experts about potential risks associated with user data and cyber threats.
Analyst Views on NVDU
Wall Street analysts forecast NVDU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 112.610
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Current: 112.610
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
