Nvidia Slips Into Bearish Trend As HSBC Downgrades AI Giant
1. Nvidia stock has fallen 26.4% year-to-date, indicating bearish momentum. 2. HSBC downgraded NVDA, reducing its price target from $175 to $120. 3. Current indicators show NVDA trading below key moving averages. 4. AI-driven revenue is strong but near-term growth appears limited. 5. Long-term catalysts exist, but meaningful impacts may take time.