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Nvidia Faces Death Cross Amid 948% Rally Concerns

3/20/2025

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Summary

Story summary

Nvidia shares faced a "death cross," suggesting a potential downtrend after a remarkable 948% rally.
The 50-day moving average dropped below the 200-day moving average, indicating a possible trend reversal.
Analyst Ari Wald believes this may not result in a significant decline, pointing to range-bound trading.
The Russell 2000 index also recorded a death cross for the first time in 17 months.

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Story summary

Nvidia shares faced a "death cross," suggesting a potential downtrend after a remarkable 948% rally.
The 50-day moving average dropped below the 200-day moving average, indicating a possible trend reversal.
Analyst Ari Wald believes this may not result in a significant decline, pointing to range-bound trading.
The Russell 2000 index also recorded a death cross for the first time in 17 months.