By Adam Clark
Nvidia was edging down early Wednesday amid a broader fall in technology stocks. The chip maker is still looking to establish a floor around the $200 level amid a recent selloff.
Nvidia shares were down 0.7% at $198.79 in premarket trading. The stock rose 2.6% on Tuesday but remains down nearly 7% over the past month. The stock closed above the $200 level on Tuesday after four days below the milestone.
The shares broke above $200 in April after months of sideways trading between $165 and $195.
Nvidia was named a Barron's stock pick on May 13, when shares were trading at $226.
Write to Adam Clark at adam.clark@barrons.com
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