Nvidia's Recent Troubles Should Be Absorbed By The Big Picture (Upgrade) (NASDAQ:NVDA)
1. Nvidia’s stock was perceived overvalued in late August. 2. Past sales indicate caution in current market assessments.
FAQ
Why Bearish?
The author's previous decision to sell NVDA suggests caution. In similar contexts, such as after peak earnings projections, NVIDIA's stock has seen corrections.
How important is it?
The author's selling action highlights potential market overvaluation, creating a cautious sentiment that may influence investors' decisions regarding NVDA.
Why Short Term?
Short-term price fluctuations are expected due to market sentiment changes. Quick shifts in perception typically drive NVDA's stock volatility shortly after critical assessments.