Nvidia Stock Pullback And Intel Factor Amid AI Bubble Talk. What Next?

Nvidia stock price has had a wild ride this year. The stock reached a record high of $192.62 on October 10th, riding on an incredible momentum across the AI industry. But since then, it has been going down steadily. We discuss what’s at play, including the potential impact of Intel earnings release.

AI Hype Meets A Barrier

Nvidia’s run has been historic in terms of the sheer scale the company has grown to, becoming the first one in history to hit a market capitalisation of $4 trillion. As the New York time reported, for a moment, the corporation was responsible for a disproportionate part of the S&P 500’s gains in the first half of 2025.As a result, some experts have been labelling the AI industry’s valuations as “frothy”. When a stock is priced at a premium to its future earnings, even the smallest of negative news can cause a lot of selling as investors take their profits.

The story isn’t as clear-cut as it used to be. We’re starting to hear some alarm bells about whether the AI sector is in a bubble. That is a concern that people like Sam Altman, the CEO of Open Ai and partner at Sequoia Capital share.

As we look more closely, it seems that the recent decline is also linked to rising geopolitical tensions. The US has recently put additional limits on the selling of advanced processors to China, which is a major market for Nvidia. That could hurt sales. In addition, China’s retaliatory actions haven’t helped matters, and have added a risk premium that is scaring off investors.

The Intel Factor

Recently, Nvidia (NASDAQ: NVDA) excited investors when it announced a $5 billion strategic investment in Intel in mid-September. This partnership, which aims to build more data centers and enhance technology integration, drove Intel stock 22% upwards on the heels of the announcement.

Intel (INTC) earnings report, which is due out today, is going to have a significant impact on the semiconductor sector’s trajectory. The market typically sees Intel and Nvidia results as closely linked because both companies are major players in the chip industry.

Nvidia Stock Price Chart Today

From a technical point of view, the recent decline seems to reinforce short-term negative momentum. Nvidia stock price has lately dropped below a crucial support level of around $184. With regards to moving averages, a break below the 20-day Exponential Moving Average (EMA) usually means that things are about to cool down. If the price keeps going down, the next key support level to watch will probably be in the $170-$175.80 range, which has been an important turning point in the past.

On the up side, the previous support level of $182.33 has turned into the new immediate resistance. Beyond that point, the all-time high of $195.62 is the last barrier that the bulls need to break through.

Why is Nvidia stock price declining?

Nvidia stock is under pressure from profit taking after rising to record highs earlier in October. Also, US-China trade restrictions have brought uncertainty about its revenue outlook.

Is Intel earnings release likely to impact Nvidia stock?

Yes. First, because Nvidia announced a $5 billion investment in Intel in mid-September. Also, Intel is considered a major player in the chips industry, within which Nvidia is a market leader.

What are the key support and resistance levels for Nvidia stock today?

Primary support for NVDA is likely to be at $175. A break below that level could see the next support established at $170. On the upside, the first resistance is likely at $182.33, and the second one at $189.90.