Nvidia (NVDA) Technical Outlook – Further Losses or Short-Term Consolidation?

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Nvidia’s brief reign as the world’s largest company has come to an abrupt end as sellers wipe off around $500 billion of market value in just three trading days

Nvidia back below $3 trillion market capitalization.Nvidia has shed nearly 16% of its market value in the last three trading sessions as sellers take control of the world’s largest chipmaker. Nvidia became the world’s largest company last week, with a valuation in excess of $3.34 trillion, surpassing both Microsoft and Apple, but now sits in third place with a market cap of around $2.85 trillion.

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