TROUBLED NVIDIA- CAN DELAYING GPU CAUSE A SELLOFF? This stock impressively recovered after a major selloff last few weeks. Despite the stock's impressive perforce over the past year, concerns about overvaluation and increasing competition in the artificial intelligence have persisted. The investingPro's value tool estimates NVDIA's fair value at $106.17. Meanwhile, the company faces its own challenges, it recently announced a delay in the release of BLACKWELL GPU, now it is expected to launch in the next year. This delay has raised some concerns among investors as the recent R filings REVEAL shows that some investors have reduced their holdings.
Other investors have increased their positions and bought the recent selloff dip. While the stocks shows some recovery 136-140 level will be crucial for sustaining and continuing with the upward momentum. IF that level breaks we can see the likes of 160-$170, otherwise this will drop hard back to 93 and below. We can also see that double top is being formed (M PATTERN) IF it plays reversal card it will be bloody red
GOODLUCK,RISK WISELY
