After the stock price plummeted, traders are closely watching the key level of $100 for Nvidia.
Analysts believe that the main reason for nvidia's recent decline is still the concern about whether the massive spending on AI by the company is sustainable, and there may not be too many positive news driving it in the short term. However, analysts still hold an optimistic attitude towards nvidia's fundamentals and long-term prospects, implying the need for more patience.
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