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NVDA
Benzinga
188 days

Should You Buy This Nvidia Dip?

1. Official inflation increase raises fears of rate hikes, affecting markets. 2. NVDA dropped to $129 due to inflation news but rebounded slightly. 3. Key support level for NVDA is $130; bulls need to hold this level. 4. Options flow for NVDA is neutral to mildly bearish; cautious sentiment prevails. 5. A close below $130 could trigger more bearish pressure on NVDA.

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FAQ

Why Bearish?

The inflation data likely increases interest rate concerns, negatively impacting tech stocks like NVDA.

How important is it?

Inflation impacts interest rates, affecting NVDA's valuation and future growth.

Why Short Term?

Recent market volatility suggests immediate price pressure, similar to past inflation responses.

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