NVIDIA stock news — As the trading week begins, NVIDIA Corp (NASDAQ: NVDA) shows early signs of bearish pressure, leaving investors to ponder whether now is the right time to buy, hold, or wait. On Sunday, June 23, NVIDIA closed at $143.85, down $1.63 (-1.12%), with the pre-market price slipping further to $142.49, a 0.95% decline.
Key Highlights from Sunday’s Trading Activity
- Previous Close: $145.48
- Open: $145.45
- Day’s High: $146.20
- Day’s Low: $142.65
- Market Cap: $3.51 Trillion
- P/E Ratio: 46.34
- Dividend Yield: 0.028%
- 52-Week High: $153.13
- 52-Week Low: $86.63
- Quarterly Dividend: $0.010
The stock initially surged close to its intraday high of $146.20 early in the morning session, but a rapid sell-off followed, dropping it to the day’s low of $142.65 before stabilizing around the $143–144 level for most of the afternoon. After-hours trading remained flat, signaling caution among institutional traders.
Technical Outlook: Bearish Momentum in the Short Term?
The current price action suggests weak short-term momentum, with a break below the $144 support zone. The bearish engulfing pattern seen in the intraday chart, followed by a lower pre-market open, supports the idea that Monday’s session may begin with selling pressure.
If the price drops below $142, the next support zone may lie around $140 or lower, while resistance remains near $146.50, followed by the 52-week high at $153.13. Traders should keep an eye on volume and RSI indicators to confirm any potential reversal.
Fundamental Perspective
With a market cap of $3.51 trillion, NVIDIA remains a tech titan, largely driven by AI, data center demand, and GPU dominance. However, the high P/E ratio of 46.34 raises valuation concerns, especially in the face of potential macroeconomic tightening or AI-sector corrections.
The dividend yield is minimal, suggesting that NVIDIA is still focused on growth, not income returns.
Should You Invest in NVIDIA Stock Today?
Given the negative pre-market movement, along with technical weakness and current valuation levels, short-term traders may want to exercise caution on Monday. For long-term investors, any dip closer to the $140 level could present a buying opportunity, especially if the stock finds support and rebounds with volume.
However, if Monday opens with continued selling and breaks the $142 floor, it may signal a deeper correction, making it prudent to wait for clearer signals or dollar-cost-average over time.
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The NVIDIA stock forecast for Monday points to a slightly bearish or cautious opening, and traders should prepare for potential volatility. Watch for a bounce near the $142–143 zone, and be alert for any changes in trading volume or news in the broader tech market. If support holds, NVIDIA could still recover mid-week.
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