On June 25th, Guolong News | After the market cap of Nvidia evaporated by 430 billion US dollars, there are signs of stabilization that traders urgently hope to see signals of where the bottom may be. The stock rose 3.5% in pre-market trading on Tuesday and is expected to put an end to the continued three-day decline. Nvidia's recent slump has caused it to fall into a technical correction, the first time since April. Although Nvidia's big drop has sent some worrying signals, analysts are focused on the stock's long-term trend, which in the view of Ari Wald, Oppenheimer's technical analysis director, is still strong: The stock price is still far above the 50-day moving average of around 101 US dollars and the 100-day moving average of 92 US dollars. "Generally speaking, the top is a process, with several rounds of buying and selling before the price momentum begins to emerge and eventually cannot hold the key position. We have not seen this happen," he said in an interview. "This is just Nvidia's way of trading."