Is the AI hype over?
Recently, we observed consistent stock selling by Nvidia executives and directors over the last few weeks. Particularly, CEO Jensen Huang sold 720,000 Nvidia shares between June 13 and June 21, amounting to a total of $94.6 million, achieving an average price of $131.44 per share.
Nvidia has experienced a meteoric rise this year, propelled by the relentless demand for its chips, which are a mainstay in the artificial intelligence computing sector. Despite the recent declines, Nvidia's YTD increase remains a staggering 175%.
Amid a massive $430 billion sell-off spanning three days in late June, almost breaching its pivotal Fibonacci retracement level around $115 level, the stock price is soaring again. Recently, there's new upgrades to target price of $150 and several analysts claimed that demand for AI stocks would only peak around 2026.
Is it time to enter soon? What do you think?
$Semiconductor Bull 3X Shares(SOXL)$
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