NVIDIA has been the face of the AI boom, but right now the stock is showing signs of weakness. Despite posting record Q2 revenue of over $46 billion, up more than 50% year-on-year, investors are cautious because growth in certain regions like China has slowed and the overall tech sector is pulling back.
At the moment, NVIDIA is trading around the $170 level, and short-term momentum looks shaky. If selling pressure continues, the stock could very well test the $155 $NVIDIA(NVDA)$ mark, which many see as a key support level and potential bottom.
But here’s the bigger picture: NVIDIA is still sitting on massive cash reserves, has announced a $60 billion share buyback, and continues to dominate the GPU and AI chip market with new product launches. Analysts and institutions remain bullish, with many projecting the stock to head back toward $200 and beyond once this correction plays out.
In short:
• Short term: Possible dip toward $160.
• Long term: Fundamentals point to recovery toward $200+.
• Why: Strong demand for AI chips, record revenues, huge buyback, and industry leadership.
Sometimes a pullback in a market leader is not a red flag, but an opportunity.
$T-Rex 2X Inverse NVIDIA Daily Target ETF(NVDQ)$
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- JackQuant·09-08Thanks for sharing!LikeReport
- HenryHoward·09-08Great insightsLikeReport