$NVIDIA Corp(NVDA)$  

Given the recent downturn of NVIDIA, it's crucial to analyze the factors behind the drop and assess whether the stock is indeed oversold. Here are some key points to consider:

1. Market Sentiment: The semiconductor sector has been under pressure due to various macroeconomic factors, including interest rate hikes, supply chain issues, and geopolitical tensions. This broader market sentiment can impact NVIDIA's stock price.

2. Technical Analysis: Analyzing the Relative Strength Index (RSI), which is a momentum oscillator, can help determine if NVDA is oversold. An RSI below 30 typically indicates an oversold condition. As of the latest data, if NVDA's RSI is hovering around or below this threshold, it suggests that the stock might be oversold and could be due for a rebound.

3. Support Levels: The $100 mark is a psychological and technical support level for NVIDIA. If NVDA breaches this level, it could trigger further selling. However, if it holds above this support, it may indicate a potential bottoming out and a buying opportunity.

4. Fundamentals: NVIDIA's strong fundamentals, including its leadership in the GPU market and growth prospects in AI and data centers, remain intact. Any pullback might be seen as an opportunity by long-term investors to accumulate shares at a lower price.

5. Earnings Reports and Guidance: Keep an eye on upcoming earnings reports and any guidance provided by the company. Positive surprises in earnings or optimistic future guidance could catalyze a reversal in the stock's downward trend.

My Target Price: Considering these factors, if NVIDIA can maintain support around $100, I would target a bounce back to the $120-$130 range in the near term. However, continued negative market sentiment or poor earnings could push it lower, so it's important to monitor these developments closely.