$NVIDIA Corp(NVDA)$ has fallen more than 10% from its recent historic closing high, entering into a pullback phase. However, NVIDIA closed up 2% on Wednesday.
In short term, Nvidia recent trend may bother many investors as it lost uptrend momentum after GTC and faced with challenges from competitors.
NVIDIA broke below its 30-day moving average on Monday and fell another 2% on Tuesday, influenced by Intel's AI chip.
The CEO of $Intel(INTC)$ pointed out that the performance of Gaudi 3 will surpass NVIDIA's flagship AI chip, the H100.
In long term, NVIDIA's potential is considered limitless.
CEO Jensen Huang said in a video from 22 years ago,
“I'm going to change the world over the next 50 years.”
Bank of America analyst said in a report on Wednesday that despite NVIDIA's 11% decline since late March, they still have a positive outlook on the company, maintaining a target price of $1100 for NVIDIA.
The Bank of America analyst noted that this is the ninth time NVIDIA's stock has experienced a pullback of over 10% since ChatGPT launched in November 2022.
Are you a short-term trader or a long-term holder of Nvidia?
How do you view NVIDIA's breaking below key levels?
Is Nvidia getting out of the woods?
Or will continue to dip?
How do you view the competition from Intel?
Leave your comments and also post to win tiger coins~
Comments
neither... not gonna take the risk... too volatile for my liking... [What] [What] [What]
@rL @HelenJanet @GoodLife99 @Universe宇宙 @LMSunshine @koolgal @Aqa @Shyon @DiAngel @xXxZealandxXx
Are you a short-term trader or a long-term holder of Nvidia?
How do you view NVIDIA's breaking below key levels?
Is Nvidia getting out of the woods?
Or will continue to dip?
How do you view the competition from Intel?
Leave your comments and also post to win tiger coins~
@icycrystal @Shyon @Mrzorro @rL @TigerGPT @SirBahamut @GoodLife99 @HelenJanet @melson
$NVIDIA Corp(NVDA)$ has significantly outperformed $Intel(INTC)$ year-to-date and over the past year. NVDA is considered a growth stock, while INTC is more of a value stock.
I'm a short term trader of $GRANITESHARES 1.5X LONG NVDA DAILY ETF(NVDL)$ but a long term holder of $NVIDIA Corp(NVDA)$. withdrawed capital at $500, left the profit to continue laying golden eggs