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Nvidia: GTC, Valuation, Death Cross, And More (NASDAQ:NVDA)

1. Recent GPU Conference reaffirmed Nvidia's AI leadership and demand outlook. 2. Market reaction was lukewarm despite strong projections. 3. Nvidia formed a bearish 'death cross' signal for potential pullback. 4. Long-term risk/reward for Nvidia deemed unattractive for new investments. 5. Buying consideration if stock drops to the $90s while fundamentals stay strong.

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FAQ

Why Bearish?

The formation of a 'death cross' is typically a bearish signal, indicating potential downside; similar past instances led to significant declines in stock price.

How important is it?

The article identifies key market dynamics and technical indicators directly affecting NVDA's current trading situation.

Why Short Term?

Technical signals often affect short-term price movements significantly; any immediate turn could be swift due to market sentiment.

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