NVDA Market Analysis 2026.06.16

In the early month's tweet, it was mentioned that Nvidia starting from 236.54 is most likely a correction rather than a new decline, and after dropping more than 15%, the decline has halted. What’s next?

The fundamentals have not changed; the core logic remains AI demand, data center growth, and the next-generation product cycle.

But one point to note — after a long-term rally, Nvidia's valuation and expectations are no longer low. It may enter a phase where "the fundamentals are strong, but the market needs to digest valuation and expectations again."

In the market, this is reflected as short-term still having upward momentum, while mid- to long-term investors should be cautious of profit-taking at high levels and policy disruptions causing adjustments.

On the technical side, as shown in Chart 1, if the 236.54-199.34 range is a correction for the upward move shown in red, then the correction may have already ended. Nvidia is expected to hit new highs again this month.

Once breaking through 236.54, we need to pay special attention to the breakthrough of the 250.58 level, as failure to break this level could lead Nvidia to trigger a large-scale correction at any time (as shown in Chart 2, a correction from the rise starting at 86.62, which is a weekly level).

Breaking below 194.74 could expand the correction level, and breaking below 188 would confirm the start of a weekly correction. #NVDA $NVDAX