Nvidia Shares Under Pressure

It's Benzinga, bringing Wall Street to Main Street. NVIDIA shares have fallen 23% from their October peak as concerns about an artificial intelligence bubble weigh on the industry, according to Benzinga. The sell-off has also hit other AI companies, including NVIDIA-backed CoreWeave, Nebius, and IREN. NVIDIA shares face additional pressure following the midterm elections, which raised concerns about potential data center moratoriums. Meanwhile, analysts expect NVIDIA's third quarter revenue to jump 91% to $108.9 billion. The company has announced a $150 billion share buyback plan. NVIDIA shares recently fell below key support levels of $200 and $190, along with their 50-day and 200-day exponential moving averages. Technical analysis suggests shares could fall to $165 before rebounding. For all things money, visit Benzinga.com.