NVDA needs to retrace back to 350-360 Zone.
The AI hype is overblown and despite NVDA being the leader in this industry its price does not justify its valuation.
I expect distribution to be happening now and we could see the share decline soon.
Macro fundamentals aren't supportive as well.
Possible FED hikes alongside credit tightening will set investors to ditch risk on assets, especially growth stocks like NVDA.
I doubt NVDA will hold its 1 Trillion MC for too long.
The AI hype is overblown and despite NVDA being the leader in this industry its price does not justify its valuation.
I expect distribution to be happening now and we could see the share decline soon.
Macro fundamentals aren't supportive as well.
Possible FED hikes alongside credit tightening will set investors to ditch risk on assets, especially growth stocks like NVDA.
I doubt NVDA will hold its 1 Trillion MC for too long.
Comment:
Trade invalidated.