$NVDA slumps as AI hype cools down, Price target :$734 and south
The hype of AI is finally cooling down and the big pump and dump, usually seen in crypto market, is happening on $NVDA.
The market went crazy over this stock as
NVDA
seems promising with it's GPU and hardware that are quintessential for AI. Now, Investors wants to secure their gain amidst the precarious times of war and election. Fed's policy to keep interest rate as it is signals the inflation isn't tamed. Thus
NVDA
will keep falling, Short term Price target : $734 - $677, Medium term Price: $600-$500.
This is not a financial advice.
The market went crazy over this stock as
NVDA
seems promising with it's GPU and hardware that are quintessential for AI. Now, Investors wants to secure their gain amidst the precarious times of war and election. Fed's policy to keep interest rate as it is signals the inflation isn't tamed. Thus
NVDA
will keep falling, Short term Price target : $734 - $677, Medium term Price: $600-$500. This is not a financial advice.