Are You a Short-Term Trader or Long-Term Holder of Nvidia?
@Tiger_comments:
$NVIDIA Corp(NVDA)$ 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