Nvidia Rout Takes Breather as Traders Scour Charts for Support
- Short-term support seen at $115, but more significant is $100
- Nvidia entered technical correction in sharp three-day slide
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Nvidia Corp. shares showed signs of steadying after a $430 billion selloff sent traders searching for signals as to where the bottom may be.
The stock rose as much as 6.3% on Tuesday, set to snap a three-day rout that had pushed it into a technical correction – when a stock drops 10% or more from a recent peak — for the first time since April.