AI Correction or Reversal? 🧠📈📉
@Shyon：
AI theme The hottest theme in the market since early 2024 is AI without doubt. The rally is mainly led by the leader, Nvidia! The power of this surge exceeds far beyond my expectation. Well, the market is often crazy but this might be justifiable as the share price is showing the projection of a company forward earnings. For the past 3 months, the leaders in AI like Nvidia, AMD, SMCI, etc have been rallied for over 60-100%, giving their investors a big profit over this short period. AI AI AI Time for correction? As we can observe last Friday, most of these AI stocks opened high and closed low, forming a bearish shooting star or bearish engulfing pattern in most of the chart. This might signify the beginning of pullback or correction after these stocks are being overbought for s
