Nvidia crossed below its 200-day moving average this week for the first time since 2023. 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.

Nvidia stock plummeted on Monday as news that a Chinese company had built an artificial-intelligence model that was competitive with Western rivals for a fraction of the cost provoked a panic in the chips sector.