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NVDA
Benzinga
1 min

Nvidia's Epic Stock Run Hits A Wall—And $150 Is Suddenly In Focus

1. NVDA sees a 90% run-up cooling ahead of Q2 earnings report. 2. Shares have broken an important uptrend, indicating potential weakness. 3. Support at $150 is critical; a drop below could signal deeper correction. 4. September historically weak; volatility expected as year-end approaches. 5. Analysts anticipate EPS of $1.00 and revenue of $45.86 billion.

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FAQ

Why Bearish?

Breaking the uptrend suggests significant selling pressure; potential earnings miss could exacerbate decline.

How important is it?

The article discusses immediate market behavior and technical analysis, critical for NVDA investors.

Why Short Term?

Immediate investor reaction expected post-earnings; technical indicators suggest volatility soon.

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