Looking at NVDA's monthly chart the business cycle looks clear. Long periods of declining shareholder value with declining volume
. At the end of this decline , there is a rise in share price(orange line) with a continued decline in volume
(blue line). Once price crosses a critical pivot
(red lines), it rises sharply returning shareholder value in a big way on strong volume
over a long period. Has NVDA
invested wisely( chips for autos, android gaming, GRID) ? Or was it a market miss? NVDA
is at this critical pivot
now with the coming months promising to be revealing.