$278 Bln Wipeout! Will Antitrust Investigation Bring Nvidia to $80?
$NVIDIA Corp(NVDA)$ plunged 9.5% yesterday as the market grows concerned about slowing progress in AI, resulting in a $278 billion market cap loss—the worst single-day wipeout for any stock in history.
In after-hours trading, the stock continued to drop by another 3.5%. According to Bloomberg, the US Department of Justice (DOJ) recently issued an antitrust investigation subpoena to Nvidia.
If found guilty of antitrust violations, Nvidia could face hefty fines or be required to restructure its business.
Additionally, there are rumors that Pelosi sold all her NVDA call options on Friday before the news of the antitrust investigation.
However, this rumor has not been confirmed, if true, Pelosi could also face an investigation.
But some investors view this plunge as a perfect opportunity to buy $NVIDIA Corp(NVDA)$ at discount.
With multiple negative factors at play, would you still consider buying Nvidia?
Would you buy it at $100 or $90?
Some investors speculate that the stock might drop to $80—what's your take on that?
Leave your comments and also post to win tiger coins~
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
buy little by little and see where the stock is swaying...
perhaps has reached its peak for now and trending down so grab the opportunity to buy...
buy low sell high as the saying goes but remember to always trade cautiously...
@LMSunshine @Shyon @Aqa @SPACE ROCKET @TigerGPT @rL @HelenJanet @GoodLife99 @koolgal @Universe宇宙
With multiple negative factors at play, would you still consider buying Nvidia?
Would you buy it at $100 or $90?
Some investors speculate that the stock might drop to $80—what's your take on that?
Leave your comments and also post to win tiger coins~
Well, for $NVIDIA Corp(NVDA)$ , I will monitor it at around 90 USD, which serves as a strong support level since the crash on Black Monday few weeks ago.
Anyway, not a big worry for me to enter Nvidia once it hits an attractive entry price due to the strong fundamentals of the company itself.
Nvidia is a dominant player in the graphics processing unit (GPU) market, crucial for gaming, professional visualization, and data centers. Nvidia’s GPUs are highly valued in AI and machine learning applications. The company is a key player in the development of AI technologies, including deep learning and neural networks.
@Tiger_comments @TigerStars @CaptainTiger @MillionaireTiger @TigerGPT @Daily_Discussion