$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $NVIDIA Corp(NVDA)$ is currently priced at 23 times forward sales and 40% of their revenue comes from 5 customers, and some ask why is NVDA down ?
Sheesh, it's not like NVDA has a monopoly on Ai anymore .
The 5 customers now have options as other chip makers have come to the market with their products
Simpy put NVDA is facing peak demand in 2025 and you have priced this stock at 23 times or said another way to the year 2047 as if no slow down would ever happen.
Keep holding the balloon called NVDA and when it's flat in your hand, ask yourself why
SOXL will continue to go down with it [Cry][Cry][Cry]
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