NVDA
📉 Nvidia’s stock is showing signs of weakness after a competitor presented a cheaper alternative.
⚠️ The emergence of competitors in the semiconductor industry was predictable and is now impacting Nvidia.
📊 Technical analysis is crucial for understanding Nvidia’s stock movements, especially with upcoming balance reports.
🐊 The ‘Cocodrilo’ indicator suggests a potential pullback, highlighting the sensitivity of market averages.
@ClaveBursatilTV:
“Nvidia has been experiencing a downturn since a startup presented a much cheaper alternative. While not necessarily more lightweight, this alternative was developed using Nvidia chips, albeit older ones, achieving similar results. This development is destabilizing Nvidia, but it was somewhat predictable. In the semiconductor business, which generates millions of dollars, Nvidia won’t be the only leading company. Others will join to capitalize on this business, creating competition. This has happened with cell phones, the internet, and social networks. After three years of Nvidia’s dominance in semiconductor products, competition is emerging, causing Nvidia to fall back to its floor. The company is now recovering and facing resistance from the moving average. With the balance report due the day after tomorrow, any weakness in Nvidia’s annual balance sheet will be reflected in the results. Therefore, technical analysis is more reliable than news analysis.”
Watch the exact part of the video where Jorge talks about Nvidia here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Nvidia (NVDA) at the following link. NVDA stock.
