$NVDA is headed back to $80sIt was a fun run for NVDA but it looks to be coming to an end.
We've reached max stupid in the stock market and the correction is about to be painful. Not sure what's going to cause this type of a move, maybe SMCI news ends up being a bigger deal in earnings than what was initially let on, maybe people finally realize the hype cycle in AI is way ahead of where the tech is, or maybe, people just realize the company is way overvalued.
Whatever happens during earnings, looks like the same outcome. Price is going to trade back in the 80s. This is likely the top.
Hoping we see a move back to $145 on Monday to enter some puts.
Let's see how it plays out over the coming weeks. NASDAQ:MSFT looks horrible too. Will likely do a chart on that next.