Nvidia Slips to 50-Day Moving Average Support on 0.9% Decline

On June 9, 2026, Nvidia stock retreated to its 50-day moving average after slipping 0.9% amid a broad market sell-off that pushed the S&P 500 and Nasdaq lower from recent highs. The decline has nearly erased double-digit gains from the 197.53 buy point, prompting IBD to advise trimming exposure or exiting positions if support fails. A strong rebound could open a new buying zone, but current conditions remain cautious with recommended stock allocation at 60-80%. The pullback follows Nvidia's solid May 20 earnings beat, highlighting ongoing technical pressure on the AI leader despite prior strength.