NVDA Stock Price Didn't Drop Because Of DeepSeek Alone
NVDA As has been said all this time, that price discounts everything. NVDA shares did not fall just because of the existence of DeepSeek.
As seen in the chart above, NVDA shares formed a broadening wedge pattern, and this occurred after previously experiencing a significant price increase. Technically, this pattern itself has given a sign that NVDA shares will decline.
However, at the same time, news emerged about the existence of DeepSeek which then made investors panic and suspect that NVDA was no longer the market leader so they sold NVDA shares until the price fell. Then this broadening wedge pattern was confirmed.
The market always responds earlier before the news that "confirms" the trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.