Nvidia crossed below its 200 day moving average for the first time since 2023 this week. Analysts say the correction could deepen.

While the demand is there, it's clear that's not the sole reason why Nvidia's RTX 50 series is impossible to find in stores. Many retailers received fairly low stock quantities, as Nvidia reportedly experienced manufacturing issues.

the chip maker saw its market value drop by $593 billion, the biggest one-day drop for any listed company on record.