NVIDIAShort
Nvidia has expressed strong criticism, SHORT
Updated
Nvidia has expressed strong criticism of a plan by the Biden administration to impose new restrictions on the export of AI chips. The company argues that these restrictions, aimed at preventing China's military advancements, could harm the U.S. economic competitiveness and benefit America's adversaries. Nvidia urges the outgoing administration to delay implementing the policy until after the newly elected President Trump takes office, fearing unnecessary economic setbacks and the loss of U.S. technological leadership.
Trade active
The average entry price is $137. The trade has been active since the market opened on Friday. Currently, NVDA has dropped by 1.03%. If the market pushes and NVDA crosses $137.72, I will exit this trade. However, I am looking for a short-term downside continuation. I will start trailing the stop around $129.70.
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