NVIDIA dropped 9.5% yesterday, losing $278 billion in market cap—the largest single-day wipeout in history—due to concerns about slowing AI progress and news of a DOJ antitrust investigation.
Unconfirmed rumors suggest Pelosi sold NVDA call options before the investigation news.
Despite the plunge, some investors view this as a buying opportunity at a discount.
Have you bought the dip?
What's your target price?
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Click titles to read the full analysis:
1. @kibkibkib: Nvidia -10%! Buying Opportunity at $100 or $90?
Key Points:
Dipping into heavily discounted territory due to unjustified cyclical self-fulfilling fears In September. Testing faith of long term investors in the company, we have seen that some of the strongest rally comes after Sept irrational fears. These are the past record/reward after September dips:
2023: 40.98 => 47.59 = 16.12%
2022: 10.80 => 18.779 = 73%
2021: 19.52 => 34.58 = 77%
When we look at the historic data for September from 2010 to 2024, we can see that the odds of a drop in September went from less than 50% to 100% almost certainty that stocks will drop in September.
Not commonly reported in the news is that the actual drop rate for September, we can see that the average drop rate has increased from -2.78 to -6.7%. Both qualitative and quantitive data have shown that the drop in September is becoming more of a self-fulfilling cycle rather than an actual economic-driven cycle. The continued narrative of the September have worsen and eroded traders' perspective of stock values in September.
Traders tend to follow seasonal and periodic trends. With the mass media and news outlet reporting September as a jinx month, the mass tend to oversell and overreact on small near-term data. They tend to exacerbate any negative news.
We expect to see growth and tech stocks to be strong in 2025. Given the fundamentals over years, there isn't any impairment of core growth or decline in business that justify the massive sell-off.
This month's lows would be a good entry for 2025 rally.[Miser] [Miser] For those still holding, don't make the mistake of irrational cyclical selling caused by speculations with traders overreacting. Unless the fundamentals of the business has changed, if not, we don't see how the value of the company has changed given its strong record of profitability and growth over past 10 years.
2. @Pritz:
Key Points:
Looking at the next support at 103.4 and if it breaks that then will go down to 90.8. It's still in sellers control so will go short for next few days till we see some turnaround
3. @BryanTJj:
Key Points:
Currently will be bearish for awhile, around $90plus and FOMO will hit in. For long term no worries, for short term could earn a few quick money 🤑 holding and buying more at around $98 if hit.
4. @Dr Rck:
Key Points:
It will take a while before you start buying! It could go to as low as 80 or more, wait till you see Warren starts snapping up shares, then I think it is time to buy into the dip, meanwhile stay prudent!
Questions for you:
Have you bought the dip?
What's your target price?
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⏰Duration
11 September (24pm EDT)
Comments
May the market be with you!
@koolgal @icycrystal @JC888 @TechnicalHunter @OptionsBB
perhaps $NVIDIA Corp(NVDA)$ has reached its peak for now and trending down so grab the opportunity to buy... buy low sell high as the saying goes but remember to always trade cautiously...
@koolgal @rL @GoodLife99 @Universe宇宙 @HelenJanet @SPACE ROCKET @TigerGPT @LMSunshine @Shyon @Aqa
Have you bought the dip?
What's your target price?
🎁Prizes
🐯 All valid comments on the following post will receive 5 Tiger Coins.