Nvidia Eyes 204 Support as Chip Stocks Forecast Short-Term Softness

NVDA held near $210.96 on July 13 with 50-day EMA support at $203.86 after a volatile stretch. The stock rose 3.65% to 204.12 on July 9 after France’s competition authority signaled its anti-competitive probe was nearing completion. Earlier, a Bloomberg report of a year-plus Kyber NVL144 delay triggered Asian tech selloffs on July 7, while Bit Origin’s $11 million Blackwell B300 purchase and Samsung’s mass production of Vera Rubin storage drives underscored sustained AI demand. The latest technical outlook flags potential Monday weakness but highlights the 200-day moving average as a decade-low valuation floor.