While some believe (seekingalpha.com/article/4537904-nvidia-is-a-strong-buy) I have a different view.
Given that there are some major issues with demand for NVIDIA:
1. Fear gauge in the market means there is going to be less money spend on devices and therefore NVDA.
2. Exposure to crypto based assets mean that further downside with data centers and crypto mining devices.
3. NVDA is still expensive. there will be a further drop.
My T1 is 130ish and T2 is 120.
Going short on NVDA.
Share your views! would love to hear more from other traders & contributors.
Given that there are some major issues with demand for NVIDIA:
1. Fear gauge in the market means there is going to be less money spend on devices and therefore NVDA.
2. Exposure to crypto based assets mean that further downside with data centers and crypto mining devices.
3. NVDA is still expensive. there will be a further drop.
My T1 is 130ish and T2 is 120.
Going short on NVDA.
Share your views! would love to hear more from other traders & contributors.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.