Sandyboy
01-29

I did a partial buy at 120 without using my full allocation. I did this only after seeing strength.

While$NVIDIA(NVDA)$  dipped to 117 the charts were not clear if it would continue to fall or go up. So after some analysis I set 120 as the new support and decided to buy  when the price crossed this level upward and bought into some.

The stock did go on to rally to 131 pre market before falling to presently 125 but I thi k 120 is a good support and psychological level to hold.

Nvidia Crashes: Has the Semiconductor Cycle Ended?
The semiconductor cycle typically lasts 3-5 years, and since 2008, the global semiconductor market has gone through four complete cycles. The current cycle bottomed in Q1 2023. Some argue that this semiconductor cycle has already ended. While NVIDIA’s PE ratio is relatively low, the impact of Blackwell may lead to lower gross margins, potentially causing its PE to rise next year. How do you view this semiconductor cycle? If NVIDIA drops below $100, would you add to your position? Or would you wait for the next semiconductor cycle to restart before investing?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Williamlow85
    01-30
    Williamlow85

    Great article, would you like to share it?

  • LUISLIM
    01-30
    LUISLIM
    Great article, would you like to share it?
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