Possibly one of the best stocks to go short. The news is extremely negative, China is one of the main markets for NVIDIA, so there will be a revaluation of the company and all future reports are likely to be bad. This also applies to AMD (price target way below $50). Long-term targets for NVIDIA are $50-70. As for the current idea, the target is $100, short @ $135-140, SL $150.
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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.