Nvidia Hype is Done
NVIDIA appears poised for a downturn, having seemingly exhausted the momentum from the AI hype. The stock might be entering a distribution phase, indicating a cooling interest that could lead to a short-term downtrend. According to Fibonacci retracement analysis, a key target for this downtrend is the 0.618 level, equating to a price of $625, expected to be reached before the summer. Factors contributing to this potential decline include market saturation in AI technologies, increased competition, and possibly overvalued stock prices relative to earnings potential. Always consider consulting with a financial advisor for personal investment decisions.
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