NVIDIA FELL AFTER LABOR DAY HOLIDAYS
Breaking about Nvidia from X users Gurgavin and the kobeissi letter
NVIDIA SHARES HAVE LOST OVER $280 BILLION DOLLARS IN MARKET VALUE TODAY THIS IS THE BIGGEST 1 DAY LOSS OF ANY COMPANY EVER IN HISTORY.
Nvidia stock, $NVDA, has now erased $360 billion of market cap today including its after hours move.
It is not just about a single stock but the market went into a dip.
The expectations with regards to its revenue and profitability could not be sustained by the overvaluation. Is this a matter of profit taking or stop loss for Nvidia? This could be the reasons. Is the market's expectations leaning towards unsustainable outcome? Where would the funds go?
There are expectations of returns and sometimes, these are not sustainable even if these are good companies.
Here is an extract from one of my recent articles:
The stock can post a strong rally in the coming days. The sentiments of the market can swing the stock from oversold to overbought in a matter of days.
You can find my article via this link https://ttm.financial/m/post/344842711265480?utm_campaign=344842711265480&utm_medium=browser&shareID=b833501f68b0298a8645f2de2d531c83&invite=Q6H7G3&lang=en_US&platform=android&utm_source=post
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- chikki·09-04It's definitely a tough day for NVIDIA shareholders.LikeReport
- RalphWood·09-04Congrats NVDALikeReport