NVIDIA shares closed Thursday at $166.19, down roughly 11% over four trading days — and the number everyone in the trading community is now watching is $151.65. That's the next major support level on the weekly chart, according to TradingView analyst FeliciaTrades, and whether it holds will likely decide the stock's direction in the weeks ahead.

The proximate cause isn't technical. It's a leadership earthquake. NVIDIA announced on November 12 that CEO Jensen Huang is resigning. The board has appointed CFO Colette Kress as interim chief executive while it searches for a permanent replacement.

For a company that sits at the center of the AI boom, that's not a headline investors can shrug off.

What actually broke on the chart?

The technical picture deteriorated before the news, and the news finished the job. FeliciaTrades' weekly chart had marked a buying region between $165 and $176 — a demand zone (an area where buyers previously stepped in and pushed price higher) that the analyst expected to hold.

It didn't. Price broke below that range this week, and the previous bullish setup — the chart pattern implying further gains — has failed.

Two levels now matter:

• $165–$176: the former demand zone, now broken and showing weakness.
• $151.65: the next significant support level, and the line in the sand for any recovery scenario.

The mechanics are simple. If buyers defend $151.65, the analyst sees an attempt to reclaim the old $165–$176 zone as plausible. If that support fails too, there's no marked floor below it on the chart, and the bearish pressure — sustained selling that drives price lower — could extend significantly further.

"I'm cautious about calling a bottom here," FeliciaTrades wrote. That caution is the core of the analysis. A broken support level doesn't automatically become a buying opportunity; sometimes it's just the first domino.

How much does the CEO change really matter?

This is where the technical and fundamental stories collide. A leadership transition at a company of NVIDIA's weight is a genuine fundamental concern — it affects how investors price risk, not just how they read charts.

The analyst's position is deliberately measured. The leadership change has introduced real uncertainty, but the judgment on long-term prospects is deferred: FeliciaTrades wants to see how the company performs under interim CEO Colette Kress before drawing conclusions.

That's a reasonable stance for a stock that has been central to the AI trade. An 11% drawdown in four sessions is painful but not catastrophic for a company of NVIDIA's volatility profile. The deeper question is whether sentiment — which flipped hard on Huang's departure — has further to fall, or whether $151.65 becomes the pivot where buyers return.

What are traders doing about the broader AI volatility?

The turbulence isn't confined to NVIDIA. Recent volatility across AI stocks has pushed the same analyst toward a different opportunity entirely: Anthropic, the AI lab whose IPO is drawing speculative interest on crypto exchanges.

On Bitget, FeliciaTrades is weighing three distinct approaches:

• Direct subscription: buying into the Anthropic IPO Prime offering from 100 USDT at the offering price, subject to allocation and fees.
• A hedged position: combining an IPO subscription with a short position in ANTHROPICUSDT (a trade that profits if the token price falls, offsetting downside risk on the subscription).
• An arbitrage play: comparing pre-IPO futures prices between Bitget and Binance to capture the spread between the two venues.

The analyst frames these as three different routes to the same IPO opportunity — each carrying a different risk profile, and each requiring the risks to be understood before committing capital.

Where does this leave NVIDIA?

The setup, in short: sentiment has shifted decisively, the prior buying region has failed, and $151.65 is the next test. The bullish case requires buyers to show up there and push price back toward $165–$176. The bearish case opens up if they don't.

The unanswered variables are the interim leadership's performance and the board's pace in naming a permanent CEO. Until those resolve, the chart does the talking.

Will $151.65 mark the start of a recovery, or is NVIDIA heading into a deeper correction? The market will answer that soon enough. As the analyst notes, this is personal market analysis, not financial advice — and risk management comes first.

By Priya Raman