The post Nvidia Dips 6%, But $200 Price Target Remains in Play appeared on BitcoinEthereumNews.com.

Nvidia (NVDA) saw a sharp decline of over 6% today, losing more than $200 billion in market capitalization. The drop was triggered by reports that Trump officials are discussing tighter restrictions on Nvidia’s China sales, particularly limiting the sale of the H200 AI chip. Despite the selloff, some analysts and investors believe the pullback presents a buying opportunity, especially considering Nvidia’s strong positioning in AI and the long-term demand for its chips. Why Did Nvidia Drop Today? The primary catalyst behind today’s drop was new discussions in the U.S. government about further restricting Nvidia’s AI chip exports to China. The proposed curbs could limit sales of the H200 chip, which is currently a key product for Nvidia in the Chinese market. This follows previous restrictions on A100 and H100 chips, which forced Nvidia to develop scaled-down versions to continue sales in China. With another round of potential restrictions looming, investors reacted negatively, leading to a sharp selloff in NVDA. Is Nvidia a Buy After This Drop? While today’s decline may have rattled short-term traders, some major investors see this pullback as a buying opportunity. Pat Gelsinger Buys the Dip on Nvidia Former Intel CEO Pat Gelsinger believes the market reaction to the news is wrong and sees it as an opportunity to buy AI stocks at lower prices. Lowering the cost of AI will expand the market. Today, I’m an Nvidia and AI stock buyer and happy to benefit from lower prices. Technical Support at the 200-Day Moving Average From a technical analysis standpoint, Nvidia is currently sitting at the 200-day moving average (200MA), which is often considered a strong support level. This suggests that Nvidia could see a rebound if buyers step in at this key technical zone. While the news of restrictions on Chinese AI companies is weighing…

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Filed under: News - @ January 29, 2025 7:26 pm