To The Moon

Hype around NVIDIA never stops. All reports and analysts are guessing the future which is not seen . AI adoption is going to be a Big Bubble . Investors should not chase insane valued stocks

Just started .. Looks like it's A correction starting 

Looking Scarier for US economy and artificially pumped markets over last 2 years 

Most of the Tech Stocks are due Big correction anyways . Seems artificially being supported due to elections may be ? over Valuations 

$(.IXIC)$  Overbought levels and high forward valuations . Higher interest rates are here for longer. FED clearly saying one cut at the most by year end. With elections looming, Mr.Market can get highly volatile with downward pressure . 

All Big boys bought at low of April and ready to offoad now. Who will catch falling knife ?

Today onwards highest volatility? Too much run forward 

Markets will react to this. Seems June is going to be interesting . 

Hype has started busting. There is no real monetary gains from actual AI applications yet other than hyped chip manufacturers getting orders to build AI chips. OpenAI hype ended with ChatGPT and none talks much about that these days. So none knows what the actual AI Biggest game changer application and how much revenue /profits it might generate. Suggest to stay away from market as this is election year and anything can change!!

Whatever the Technicals it may be,  current situation on world is extremely fragile with long ward,  high oil prices, soaring inflation and hence higher interest rates. All $NASDAQ tech stocks would be under selling pressure for a good bottom. Dont try to dip buy as this time none knows bottom. Let the dust get settled first