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NVDA is down 11 percent over the past two days, 19 percent over the past week, and 31 percent from its highs. Jonah Lupton, an investor and market commentator, noted that $165 is a key level to watch, corresponding to the March 2026 low, the September 2025 low, and the 50 percent retracement from the April 2025 low.
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Jonah Lupton has previously commented on notable stock moves, including the 12% decline in MRVL shares on LITE acquisition rumors. MRVL is now down 35% from its highs and trading below 30 times its projected CY2027 EPS. Lupton has also described NBIS as undervalued, citing its low valuation relative to estimated 2027 ARR.