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00:02NVIDIA shares have fallen 23% from their October peak
00:06as concerns about an artificial intelligence bubble
00:09weigh on the industry, according to Benzinga.
00:12The sell-off has also hit other AI companies,
00:15including NVIDIA-backed CoreWeave, Nebius, and IREN.
00:19NVIDIA shares face additional pressure
00:22following the midterm elections,
00:23which raised concerns about potential data center moratoriums.
00:27Meanwhile, analysts expect NVIDIA's third-quarter revenue
00:31to jump 91% to $108.9 billion.
00:36The company has announced a $150 billion share buyback plan.
00:40NVIDIA shares recently fell below key support levels
00:44of $200 and $190,
00:47along with their 50-day and 200-day exponential moving averages.
00:51Technical analysis suggests shares could fall
00:54to $165 before rebounding.
00:57For all things money, visit Benzinga.com.
