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Nvidia stock falls below $200, nearing bear market amid investor caution and SpaceX IPO impact.

Market News
11 Jun 2026
24/7 Wall Street
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Bearish
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Nvidia's stock price has dropped below $200, entering correction territory and nearing a 20% decline that would mark a bear market. Despite strong revenue growth and leadership in AI infrastructure, investors are becoming more selective and cautious, partly due to the upcoming SpaceX IPO which is drawing investor capital. Nvidia's valuation, at about 23 times forward earnings, is reasonable compared to peers, but concerns about sustaining high growth rates are pressuring the stock. The next support level is around $180-$190, and while a further decline is possible, Nvidia's fundamentals and valuation suggest it remains an attractive long-term investment.

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