Nvidia shares have dropped recently as CEO Jensen Huang stated that China will likely “win the AI race” due to regulatory agility and cheaper energy access. This has pushed NVDA stock below its 20-day moving average, signaling bearish momentum in the near term. Despite the decline, Nvidia stock remains up 100% from its year-to-date low. The break below the 20-day MA indicates a potential shift in short-term momentum from bullish to bearish. Huang’s remarks have raised concerns about competition and Nvidia’s exposure to Beijing. Wall Street remains bullish on Nvidia, with a consensus rating of “Strong Buy” and a mean target price of $235.

Read more at Barchart: Nvidia Stock Slips Below 20-Day Moving Average as Jensen Huang Warns on China. What Comes Next?