NVDA
📉 Nvidia experienced a significant drop of 15.8% following news of competition from a Chinese AI firm.
⚠️ High trading volume during the sell-off raises concerns about further declines.
📊 The stock is currently testing its 200-day moving average, a critical level to watch.
🤔 The analyst advises against immediate buying or selling, suggesting close monitoring of price action and volume.
@VisionariosBolsa:
“Nvidia, a long-term portfolio holding, experienced a significant drop of 15.8% this week. This decline was triggered by news that a Chinese AI company, Deep, is bypassing Nvidia’s processors. The analyst advises against immediate action, suggesting that investors closely monitor the stock’s behavior around its 200-day moving average to determine whether to buy or sell.”
Watch the exact part of the video where the analyst talks about Nvidia here:
Watch the video on YouTube.
Read more articles by the world’s top 100 analysts on Nvidia (NVDA) at the following link. NVDA stock.
