Is Nvidia on the brink of collapse or poised for new record highs?
Although the stock is technically on a ‘mechanical’ sell signal after today’s move up through 140, my enthusiasm for the trade was based on a DeepSeek story that threatened to bring down the whole AI house of cards. I still think this will happen eventually, but the financial press and Nvidia’s spinmeisters muffled the story so effectively that its effect on NVDA and other AI-related shares has been temporarily negated. The implication for NVDA is that it is as likely to make new record highs above 153 as collapse to the 103 target I’d proffered earlier.
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Thank You,
Rick Ackerman