Taking a long position here at $98 – yes, despite the noise.
There’s no denying the pressure across semiconductors following renewed tariff threats from the Trump administration. But I believe this is more short-term overreaction than long-term damage. Any meaningful negotiation or de-escalation could act as a slingshot for these names, especially leaders like Nvidia.
Nvidia's fundamentals remain incredibly strong. The company is still outpacing its peers in AI, data centers, and gaming hardware. Profitability remains intact, and there’s no indication of a breakdown in their competitive edge.
Technicals are giving us some strong signals:
We're seeing a long-term bullish divergence forming.
RSI is approaching oversold territory – rare for Nvidia and historically a signal for strong bounces.
Price is nearing key long-term support levels that held in previous cycles.
I'm positioning early here because I believe the broader market is mispricing geopolitical risk. If the situation improves – and it often does faster than expected – NVDA is one of the first names that will rebound aggressively.
Let’s see how this plays out, but I’m confident this is a high-conviction entry point in the 80's and 90's.
There’s no denying the pressure across semiconductors following renewed tariff threats from the Trump administration. But I believe this is more short-term overreaction than long-term damage. Any meaningful negotiation or de-escalation could act as a slingshot for these names, especially leaders like Nvidia.
Nvidia's fundamentals remain incredibly strong. The company is still outpacing its peers in AI, data centers, and gaming hardware. Profitability remains intact, and there’s no indication of a breakdown in their competitive edge.
Technicals are giving us some strong signals:
We're seeing a long-term bullish divergence forming.
RSI is approaching oversold territory – rare for Nvidia and historically a signal for strong bounces.
Price is nearing key long-term support levels that held in previous cycles.
I'm positioning early here because I believe the broader market is mispricing geopolitical risk. If the situation improves – and it often does faster than expected – NVDA is one of the first names that will rebound aggressively.
Let’s see how this plays out, but I’m confident this is a high-conviction entry point in the 80's and 90's.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.