NVDA forming a bearish Inverted Cup and Handle Pattern
Demand for GPUs has recently dropped by 15%, but is likely to drop further and farther after the Ethereum merge era. Almost tens of millions of GPUs purchased in the past four years to mine ether, this just shows how much losses are going to be for companies that make GPUs (AMD, NVDA) 📉
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Trade still active🔥
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First target reached.. still thinking it's going to hit my second target
what a meme stock. just like intel/amd during the dotcom.
funny it's still severely overpriced, fair value pre covid levels at most
btw nvda is considered to be a DC company, the market doesnt care about gaming revenue anymore, they know about crypto. watch the DC revenue, there were talks about cloud slowing down months ago, and US has banned nvda's selling their upcoming DC gpus to china. the real pain for nvda is when the global DC industry experience a big pullback, DC/cloud are the last sectors to roll over when the economy sinks. and a deep recession is what's coming, the fed is committed to destroying this economy.
oalhomsi420
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@heavy_assault tell me you’re a small time retail “investor” without telling me 😂
nvda is by far the most overhyped, overpriced, bubble in the history of the stock market.
are you another clueless growth-at-any-price idiot nvda bull, who chase hype and momentum and understands nothing about what a company is really worth?
funny it's still severely overpriced, fair value pre covid levels at most
btw nvda is considered to be a DC company, the market doesnt care about gaming revenue anymore, they know about crypto. watch the DC revenue, there were talks about cloud slowing down months ago, and US has banned nvda's selling their upcoming DC gpus to china. the real pain for nvda is when the global DC industry experience a big pullback, DC/cloud are the last sectors to roll over when the economy sinks. and a deep recession is what's coming, the fed is committed to destroying this economy.