NVIDIA's market crash trigger.It was long and tedious. But finally. Okay, I'm placing the end of the pullback between 0.5 and 0.382 . We'll be watching this. It's going to drag a lot of things down with it.Shortby averkie_skilaUpdated 336
NVIDIA: Large MovesOverview My first two publications on this idea were removed and I was banned for a day so let's try this out again: ... I finally gave in and started looking into NASDAQ:NVDA and I'm glad I did. If I was going to comfortably invest in derivatives or shares of the tech company, I needed to perform a full evaluation and determine pragmatic price targets. Price Projections I have two macro projections and one micro projection that I would like to share with you. On the 1D chart I've established two Fibonacci retracements: one representing uptrend (green) and the other representing a downtrend (red). At the current moment of this publication, an ascending triangle is beginning to form on the hourly and daily charts. This leads me to believe that the markets haven't had their fill yet and that NVDA is most likely gearing up for another rally. If this breakout does occur, I believe that a price target of $750 is reasonable as this value rests around the 161.8% Fib level. For my second macro projection: a correction to the low $300s, or even mid $200s, is a reality as both of these values rest around or near a 50% or 61.8% Fib retracement level. The market does not appear to feel bearish on NVIDIA and a correction like this would require the current ascending triangle to become invalid which is unlikely without an external catalyst -- which is most definitely in existence. I explain this concept in more detail later in this article; you can find it under "NVIDIA Outsourcing." And finally, for those of us that want to make all the short and medium-term trades in-between, I've attached a copy of my projections within the ascending triangle and attempted to match them to the market's sentiments. This led me to project a double bottom within the current pattern. There is a possible second ascending triangle forming at the moment so I am remaining cognizant of significant support around the $470-480 range in the chance that this causes an invalid double-top (M pattern) and a potentially earlier breakout. About the CEO Jensen Huang is the CEO and President of NVIDIA and has held his title since 1993 when he first co-founded the company. He has a Master of Science in Engineering from Stanford University and, from what I've seen in a couple of his interviews, is very intelligent and self-aware. I'd like to regard him as a more stable version of Elon Musk or Steve Jobs. NVIDIA Outsourcing The impression I received during my research is that a lot of the semiconductor chips used in NVIDIA's A.I. projects are sourced from Taiwan Semiconductor Manufacturing Company (TSMC). As you probably already guessed, TSMC is located in Taiwan. The reason I believe that this can be problematic for the company is because, as of late, China has become more outspokenly aggressive towards Taiwan whom it believes it holds sovereignty over. Should China choose to invade the nation I believe this will result in a choke on NVIDIA's production which -- on top of market reactivity -- will drive the share prices downward. To touch on another geopolitical issue very briefly, Huang has made it clear that they supply China with limited-capacity chips to uphold National Security concerns in regards to artificial intelligence. This could very well serve as a motivator for China to want to gain control of TSMC as it would then obtain an advantage over NVIDIA: "give us fully capable chips or else." This is just my opinion and I came to this conclusion from my own research and from my limited knowledge on human psychology. Second red flag for outsourcing, TSMC requires the use of a specific technology that is only delivered by a Dutch company called Advanced Semiconductor Materials Lithography (ASML). I won't dive into the full details but their technology has yet to be reverse-engineered or produced at the same efficiency. ASML provides TSMC the ability to create an end product for NVIDIA. I think it goes without saying, that if NVIDIA does not figure out how to create an equally efficient manufacturing technology, or at least close to, then if ASML one day decides to stop providing said technology -- a market crash will occur for NVIDIA. Fundamental Analysis Time for the dry stuff. According to NVIDIA's Q3 Earnings Call, the following data is assumed to be true: Current Ratio (current assets/current liabilities) = 3.59 --> a 2% increase since January 29, 2023. Cash On-Hand has increased by 62.85% since January 29, 2023. Total Assets outpaced Total Liabilities with assets increasing by 31.49% while liabilities increased by 9.44% since January 2023. Retained Earnings increased by 100.18% since January 29, 2023. Long-Term Debt decreased by 12.84% since January 29, 2023. Other notes: NVIDIA is presently undergoing several class action lawsuits filed in the United States District Court for Northern District of California, for the District of Delaware, and in the Court of Chancery of the State of Delaware. The lawsuits claim that certain NVIDIA executives made misleading statements related to channel inventory (product in between the manufacturing and reseller inventory stages) and impact of cryptocurrency mining on GPU demand between May 2017 and Nov 2018. There has been significant insider liquidation in 2023. In total, executives from NVIDIA – including Huang – have liquidated upwards of $786.8M in company shares within the calendar year. I would typically consider this a red flag but not a sign for impending declines; securing profits may be the only motivation. NVIDIA’s Board of Directors approved a share repurchase program up to $25.24B. Approximately 800K shares ($366M) were repurchased by the company from October 30 - November 17, 2023. This coincides with a relatively large rally followed by a 10% dip immediately after the Q3 Earnings Call. by Shepherd_InvestorUpdated 228
NVDA Is Forming 0-5 Pattern .the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate. Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart and then wait until C-D retracement happens. B-C leg has two Fibonnaci rules so you can watch two bullish scenarios. The final difference will be in your profit target because the C point has two different lengths. You need to watch out that the A-B leg is reciprocal to C-D leg, AB=CD, to pattern be valid. by SEYED98Updated 448
Nvidia's Spectacular Rise: A $2 Trillion ValuationNvidia ( NASDAQ:NVDA ), the powerhouse in AI chip technology, is poised to close with a staggering $2 trillion valuation, marking a historic milestone in the realm of tech giants. The ascent comes on the heels of an optimistic forecast from Dell Technologies, propelling Nvidia's ( NASDAQ:NVDA ) stock to new heights and igniting a broader rally in the AI sector. Dell's rosy outlook, particularly regarding the surge in orders for AI-optimized servers powered by Nvidia's ( NASDAQ:NVDA ) processors, served as a catalyst for the market frenzy. With Dell's shares soaring to record highs, Nvidia's ( NASDAQ:NVDA ) stock surged by 3.6%, solidifying its position as a dominant force in the AI ecosystem. At $2.05 trillion, Nvidia ( NASDAQ:NVDA ) now stands as the third most valuable company on Wall Street, trailing only behind tech behemoths Microsoft and Apple. This remarkable valuation underscores the pivotal role Nvidia ( NASDAQ:NVDA ) plays in shaping the future of AI-driven innovation. The ripple effects of Nvidia's success were felt across the semiconductor industry, with companies like Super Micro Computer, Broadcom, and Marvell Technology witnessing significant gains. The PHLX chip index itself rallied to a record high, reflecting the widespread enthusiasm for AI-related investments. Nvidia's stranglehold on the high-end AI chip market, with prominent clients including OpenAI, Microsoft, Alphabet, and Meta Platforms, highlights its unrivaled position in driving advancements in generative AI technologies. As demand for its components continues to soar, Nvidia's stock has emerged as the most traded on Wall Street, surpassing even the likes of Tesla. The meteoric rise of Nvidia's ( NASDAQ:NVDA ) stock, which has surged by 65% in 2024 alone, underscores the insatiable appetite for AI-driven solutions and the company's relentless pursuit of innovation. With its stock market value eclipsing that of tech giants like Amazon and Alphabet, Nvidia ( NASDAQ:NVDA ) has firmly cemented its status as a powerhouse in the tech industry. While Nvidia's ( NASDAQ:NVDA ) journey to a $2 trillion valuation is nothing short of remarkable, it also poses challenges and scrutiny. Questions about market dominance, supply chain constraints, and the sustainability of growth loom large as Nvidia ( NASDAQ:NVDA ) continues to chart its course in the ever-evolving landscape of AI technology.Longby DEXWireNews3
If Seize the Day was a Company: Nvidia’s Formidable RiseUnhinged demand for Nvidia’s AI chips bumped the company’s valuation to $2 trillion, adding half of that in less than four months. Read how it happened. Table of Contents Genesis Compiling Speedrun Benchmark Spillover Overclock Much? Rage Quit More Players Exit Wild Rivals Appeared! Runtime Genesis It’s a crisp, sunny morning in 1993. You’re at your local diner in Silicon Valley, casually sipping your coffee and waiting for your meal. At the table next to you, three engineers are cranking on caffeine and dreaming up a gig that would end up changing not only their lives, but also usher in a new era of computing. It’s the three founders of a company called Nvidia (ticker: NVDA ). A business-savvy 30-year-old Oregon graduate Jensen Huang, hardware savant Chris Malachowsky and software geek Curtis Priem spun up the business more than 30 years ago. Together, they set up their venture in a bid to bring 3D graphics to the gaming space. Compiling Today, the thriving company is doing much more than that. Nvidia, which traces its humble origins back to a Denny’s diner, is now the backbone of the artificial intelligence revolution. Nvidia was for a long time shoved into the deeper corners of the gaming space and was barely known to the public. For most of its existence, it’s been making graphics cards, which are used by gamers, crypto miners, plain PC users and professionals from various industries. The company’s booming business line right now is AI chips—hardware pieces essential for training large language models, the type that underpins systems like OpenAI’s ChatGPT. AI chips have also underpinned another side of Nvidia—they’ve touched off a monster rally in its share price. Enough to catapult its valuation to the Top 3 of America’s biggest companies , right after iPhone maker Apple and software heavyweight Microsoft. Speedrun It took just about 24 years for Nvidia to step into the exclusive $1 trillion club, having started trading as a public company in 1999 at a $625 million valuation. Then in the span of just four months—November 2023 through February 2024—Nvidia added its second trillion, largely thanks to its timely expansion from its flagship products to the powerful AI chips. Now, Nvidia is comfortably sitting in the Top 5 of the world’s largest companies . “A whole new industry is being formed, and that’s driving our growth,” chief executive Jensen Huang told shareholders right after the company published jaw-dropping 265% revenue growth for the final quarter of 2023. The chip darling picked up $22.1 billion in sales, up from $6.05 billion a year ago. Profits swell to more than $12 billion. Source: Stock Analysis Benchmark The earnings release fueled a never-before-seen $277-billion boost to the chip maker's valuation. It was the biggest one-day gain in history of the stock market, surpassing Meta’s recent $204.5 billion pump . On the second day after the December-quarter financials were published, Nvidia went on to soar above $2 trillion in value with shares changing hands at more than $800 a pop. Not only that, but the AI trailblazer’s report jolted markets so much it set off a buying spree on a global scale. Spillover In the US, the broad-based S&P 500 index notched an all-time high, joined in record territory by the Dow Jones Industrial Average. In Japan, the diverse Nikkei index broke out to a fresh record after 34 years of languishing performance. Nvidia’s magnificent rise has propelled Huang’s personal fortune to roughly $70 billion, a reflection of his 86.6 million shares, or 3.6% of the company. Is it time for an attire upgrade away from the black leather jacket? Shares of the company more than tripled in 2023 and pumped over 60% for the first two months of 2024. Jensen Huang wearing his signature leather jacket—an outfit picked by his wife and daughter. Source: nvidianews.nvidia.com Overclock Much? The fundamentals behind the company’s breakneck growth are undoubtedly real. Demand for Nvidia’s most advanced GPUs, called H100s, is so big the chips are being delivered in armored trucks. Each one of them weighs about 290 lbs (130 kg) and will set you back about $30,000 if you’re lucky to get one. With that said, supply isn’t too loose with Nvidia holding about 80% of that market. What’s more, a new, more powerful H200 chip will be hitting the market in the second quarter of this year. So what does this mean for the unstoppable rally? Analysts are quick to say that as long as Nvidia maintains its tight grip over supply, outweighing demand should continue to drive the up-only narrative. Presently, Nvidia has the capacity to develop about 1.2 million AI-focused chips a year, far insufficient to meet the insatiable demand. To illustrate, Meta chief executive Mark Zuckerberg popped on Instagram to brag about his plans of securing 350,000 units of that good H100 stuff by the end of 2024. Besides the Facebook parent, Nvidia’s biggest customers are Microsoft, Google and ChatGPT owner OpenAI. Rage Quit The stampede by investors rushing to buy up stock wouldn’t be complete if it weren’t for the naysayers and doom-and-gloom forecasters. You’d be surprised to see who is on that list of permabears, slamming the chip maker and getting their short positions ready to fire. Or already fired. Following Nvidia’s post-earnings explosion, short sellers were left nursing paper losses in excess of $3 billion. Staring at giant drawdowns might sting just as badly as missing out the ride. Disruptive-tech investor Cathie Wood, CEO of investment firm ARK, said in 2023 that Nvidia was “ priced ahead of the curve .” By the end of the year, Wood had offloaded a stake worth more than $100 million. Estimations point that this early leave may be equal to more than $500 million in missed-out profits. There are other notable names in the investment space who got rid of—or heavily trimmed—their Nvidia shares by the end of last year. (Hedge funds and other investment managers who oversee at least $100 million are required to disclose their holdings in public companies each quarter through a form called 13F.) More Players Exit In its 13F filing with the Securities and Exchange Commission, George Soros’s family office Soros Capital had completely exited Nvidia in the third quarter, selling shares worth $4.9 million. Billionaire Stanley Druckenmiller’s family office held 875,000 shares of Nvidia going into 2023’s third quarter. By the end of the fourth quarter, that hefty stash had been reduced by roughly 40%. Druckenmiller still owns some $300 million in Nvidia shares and even scooped up call options with a notional value of $242 million. The sellers’ argument wraps around the heavily cyclical nature of chip demand. While in good times there’s euphoria and chip companies triumph, they could also be prone to setbacks once the tide turns. A fresh example from Nvidia’s recent performance is the 60% drop in its share price in the time span April through September 2022. Nvidia's share price endured a 60% drop between April and September 2022. Wild Rivals Appeared! Competitors from the hardware corner of the economy don’t sit idle while Nvidia goes on an all-out expansion mission. Advanced Micro Devices (ticker: AMD ) is already selling chips similar to the H100s and projects revenue to land at $3.5 billion in 2024. If that number is met, or even doubles, it still will be a blip compared with Nvidia’s $100 billion full-year revenue Wall Street expects. SoftBank-backed Arm Holdings (ticker: ARM ), whose stock is just as volatile , is in the AI race too. So is Intel (ticker: INTC ) — the US tech mainstay makes and sells chips that power generative AI software. Nvidia, meanwhile, is busy taking steps to try and cement its dominance in the AI space. It’s already in talks with big tech giants such as Microsoft, Amazon and Google over developing custom chips. Meanwhile, all three are manufacturing their own chips. Runtime The big question lingering on everyone’s mind is when will that dizzying AI boom come to a halt or at least pause for breath? Nvidia’s formidable rally, fueled by the rush for graphics processors, is the very definition of what seizing the day means. What’s a reason that may extend this run? One reason is that the company keeps adding blockbuster earnings quarter in and quarter out. A second one—Nvidia will need to find a way to work together with tech giants seeking to cut into the AI business. And thirdly, all that effort should eventually pay off by laying out the infrastructure that will foster the much-anticipated AI-driven productivity gain. Editors' picksby TradingView2121779
Nvidia - Congrats!Nvidia today popped over 25% on blockbuster earnings. We predicted this as far back as February 15, 2023. Congrats if you opened a position or bought Call options! ---- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as moving pivot points . MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long (buying). For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling). For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.Longby masterchartsUpdated 4
NVDA can't keep up with demand from AINVDA and all chip producers can't keep up with demand from AI companies. Whoever has the most compute will have the smartest AI, so demand for chips will always exceed supply.Longby bryonss0110
NVIDIA: Time for a breather 😮💨Let's take a closer look at Nvidia NASDAQ:NVDA – a stock generating a lot of buzz. On the two-day chart, we observe a potential completion of Waves (3) and (4) between November 2021 and October 2022. As an alternative, we could see Waves (1) and (2), leading to the upcoming Wave (3). The targets are ambitious, and time will reveal the accuracy of these projections. Following Wave (4) or alt. (2), we've formed a 1, 2, 3, and 4 pattern. Now, Wave 5 is on the horizon, and our price target is positioned at the 161.8 % fibonacci extension. Zooming in, since our sub-wave 4 in red, we've constructed a Wave ((i)) and ((ii)) at $450. We're now in the process of building Wave ((iii)). A brief corrective move may follow before reaching the circled Wave ((iii)) at 161.8, around $662. After we reach our targets, we'll be on the lookout for an entry point for the next big Wave 5 movement.Shortby freeguy_by_wmcUpdated 1110
NVIDIA - Please mind the GAPWhen NVIDIA has reached the top (maybe it already has?), there are some gaps it needs to fill. Just some targets to be aware of. No financial advise. - Work of pure fiction and magic Shortby mi_khan220
NVDA creates a bull flag in 3HNVDA creates a bull flag prominently in 3H and 1H time frame, the tightening consolidation may lead to a move to up as a continuation of uptrend. Fib shows support at 0.382 at $755, breaking below invalidates the bull thesis. If rising through $782 opens up $790 and $800; however $800 will pose as a major barrier and a pull back towards $785-$790is likely.Longby regtep2
Nvidia bounces off 50 MAIt's showing promising signs for further continuation of the upward trend, having just rebounded from the 50-period moving average. The key question now is, can Nvidia reclaim its previous highs? Longby troublefreetradingUpdated 3
Past performance is the best predictor of success.The last 7 weeks: The last 71 weeks: What could happen? Do you want to read more? Chek this article: (Published on Feb 2022) by MoshkelgoshaUpdated 3315
Biggest crash is about to startPeople aren’t thinking straight it’s about it will go up and up and up .. no we are not those 70% of people that can’t even see reality and went all broke. Souls know when you bought; all time high hits and bull trap coming to bearish if I were you sell now or lose all you have. Anyways now the stock big congrats hitting the new all time high but what will happen next? USA owned over $6 trillion dollars in debt and this also isn’t good for other stock markets because the inflation data won’t be pretty.. the inflation is about to go a lot higher than any other expected and the economy isn’t in great shape … Biden gave over billions of dollars to Ukraine , not seeing his American people first and yet the border crisis which put all American people not in a safe place. Yet now the stock lead the rally but hit the tip point. Are we looking foward the biggest crash? In the matter of fact.. yes. Reason as no one paid attention to the major news.. globally could start a nuclear war , many of the countries already in deflation and the recession; soon USA will head into the recession but will be a lot worse than 2008. Don’t speak too soon because United States are in trouble and aren’t in a great shape. We are preparing for soft landing by JoyBoyVegae222
Nvidia correctionAfter a big rally in price stock i think that the company is overvalued in this moment in my opinion. After so a good start in the stocks the companies starts to sell stocks to mark some big profits. Many companies have declared that they intend to make the stocks more accessible for retail investors. Today i short the stock. First TP 770 Second TP 740 Third TP 700 Shortby georgethefirstUpdated 551
nvidiajust drawing breakout levels in Nvidia Stock, I am just sharing my view no buy sell idea on Nvidia00:19by rohanbathre2016111
The NVidia Party About to PopNVidia left behind a yawning gap, it is now testing the support formed after that gap, the price point of failure is $403.11, if we go lower than that we have higher conviction that we drop to fill the gap. For now indicators show it is oversold so we can expect a bounce which I would expect to be rejected at the intersection of horizontal resistance and median line of Pitchfork. Shortby runyamhereUpdated 558
Can Nvidia Go Higher?In early-January we published a Breakout Alert highlighting Nvidia’s breakout from a long-term consolidation phase. Nearly two months on, the shares have surged 59% and we’re now left asking, can Nvidia go higher? Nvidia’s Quarterly Numbers: A “tipping point” in the AI Revolution Last week’s colossal quarterly update from Nvidia represents a self-proclaimed “tipping point” in the AI revolution. The $22.1 billion in quarterly revenues, a staggering 265% increase, far exceeding Wall Street predictions, is not merely a financial achievement for Nvidia but a testament to the seismic shift happening in the tech landscape. Nvidia’s founder and CEO, Jensen Huang, didn’t mince his words when he declared, “Accelerated computing and generative AI have hit the tipping point.” This statement encapsulates a pivotal moment where the demand for AI technologies has surged globally, creating an unprecedented frenzy. On the back of the market-beating numbers, Nvidia’s share price gapped higher again – reigniting the stocks powerful uptrend. Signs of Exhaustion Creeping In The Breakout Alert we published in early-January highlighted several reasons why Nvidia’s breakout was likely to sustain, including the prolonged period of consolidation prior to the breakout, the strong close backed by rising volume, and the long-term uptrend. However, with prices more than 20% above the volume weighted average price (VWAP) anchored to the January breakout, there are signs that trend exhaustion is creeping in. 1. Bearish ‘Gap and Give’: On Friday, Nvidia’s share price gapped outside the upper Keltner Channel only to close lower on the day – forming a ‘gap and give’ pattern which signals exhaustion. This has been followed by a small inside day. A break below the inside day lows could trigger a deep pullback. 2. RSI Divergence: The RSI being technically ‘overbought’ is nothing new to Nvidia. The RSI stands for Relative Strength Index and there a no better stocks at demonstrating relative strength than Nvidia. However, in recent weeks, the shares have been making higher highs, but the RSI has been making lower highs – negative divergence. This is signals that the trend is potentially running out of momentum. 3. Falling Volume: We have seen quite a significant drop in volume since last week’s quarterly numbers. This isn’t a standalone indication of exhaustion, but when viewed within the context of the other factors it adds to the picture of waning appetite to drive prices higher. NVDA Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom5
How to use call option buy or sell indicatorHello Traders, Exciting news! We've just released a detailed video guide on how to harness the full potential of Chobotaru Brothers Option Indicators. In this short tutorial, we cover everything you need to know to use the indicator, specifically focusing on out-of-the-money call options. Here's what you'll discover in the video: 1. Adding the Indicator to Your Chart: Learn the simple steps to seamlessly integrate Chobotaru Brothers Option Indicator into your trading view for a clear and concise analysis. 2. Finding Option Parameters: Navigate through your broker's option chain on platforms such as Interactive Brokers to locate all the essential parameters needed for effective trading decisions. 3. SEE the Lines of Profit: Gain a deep understanding of the meaning behind each line of profit displayed by the indicator, empowering you to make informed choices based on market movements. 4. Utilizing Lower Timeframes (Example of 5m and 30m): Explore the versatility of Chobotaru Brothers Option Indicator by discovering how it can be effectively applied to lower timeframes like 5 minutes and 30 minutes. 5. LIVE Example: Out-of-the-Money Call Option: Follow along with our real-time example using an out-of-the-money call option, providing practical insights into how EASY is the indicator's functionality and application in a live trading scenario. We've designed this tutorial to be beginner-friendly, ensuring that traders of all levels can seamlessly integrate Chobotaru Brothers Option Indicators into their trading arsenal. Watch the video, enhance your trading skills, and unlock the potential for greater success in the options market. If you find the video helpful, don't forget to like, follow, and share it with your fellow traders. Happy trading, and may your profits soar! Best regards, Chobotaru BrothersEducation08:17by ZoharCho7
NVDA - The Trend Is Your FriendPretty incredible chart. This price action will be talked about for years. Where will it end? How will it end? These are not questions I know how to answer. The great thing is I don't have to know the answers to these questions to profit MAJORLY from the price action. Everything I need to know is reflected in the price action. The trend is your friend (until the end). #NVDALongby BitInfo122
Nvidia Near an Intermediate TopNvidia (NVDA) is probably the most powerful U.S. stock and could make a significant top weeks after the main U.S. stock indices peak. Elliott wave analysis indicates an intermediate top could soon occur, then a correction before a 5th wave advance. Perhaps near 1,000. Weekly RSI supports this theory, usually stocks and stock indices have at least one RSI bearish divergence before making a significant top. Currently NVDA is at its maximum weekly RSI reading. by markrivest228
ALIUSD vs NVDA. next AI playALI USd now outperforming nvda. let's see how strong it can play!Longby vayntraubinator1
Nvidia Could Ultimately Crash the US Stock MarketRarely do you see a "Blow Off Top" in play like what you are seeing in Nvidia (NVDA), with a current valuation of 2 Trillion US Dollars. Think about that for a moment The mania of AI, or Artificial Intelligence has taken now over the world as the biggest technology creation of the twenty first century. Bubbles in the stock market occur, when mass belief, ultimately turns into tragic disbelief. My own personal belief is that ultimately Nvidia stock will crash back to earth like every other stock bubble created by capitalism before. However in this case, Nvidia could also be responsible for a shocking crash in the US stock market. if things suddenly unwind. As a trader, I am watching the 750 price level in Nvidia, which is the price level where it opened on the NYSE on Feb.22,2024, after its blow out earnings. There is a 75 point upside gap,from 750 down to 675, 10 % that needs to be filled immediately if support at 750 breaks. If "artificial intelligence" computers decide to sell all at once,on a break of 750 perhaps now you might understand,... what could happen next. NVDA 788.17 Last. THE_UNWIND WOODS OF CONNECTICUT Shortby The_Unwind9943