NVIDIA stock price falls for the fourth consecutive time and loses a key technical level, analysts warn of the risk of short-term momentum weakening.

Nvidia fell 4% to $167.22 in midday trading on Tuesday, marking the fourth consecutive session of decline and breaking below the 50-day moving average of $171.02. This important technical level lost was seen as a negative signal of weakening short-term momentum. Chief technical analyst at Kingsview Partners, Buff Dormeier, said, "This shows that the upward momentum has dissipated, which makes me worried about the short-term direction of the stock." He sees the $160 level as the next support, followed by $145 - a significant level before the breakout in June. He added, "If the stock price falls below $145, I will have serious concerns about its prospects." The chip manufacturing giant's stock price has fallen in line with the overall market, as geopolitical concerns and overvaluation pressures continue to simmer. Despite Nvidia's cumulative decline of over 7% in the past four trading days, leading to a market capitalization evaporating more than $340 billion, the stock's recent overall trend remains bullish.