NVDA Potential DownsideLike every tech stock, were real close to some dangerous levels. If we lose them the downside is massive.
Nvdashort
NVDA SHORTEarlier today, Citron Research tweeted that they believe NVDA is on the way to $200. They pointed out that customers are moving away from GPU to TPU as they find it easier and cheaper. After the companies Q2 report and disappointing crypto stream, I could see this being a possibility. Especially from the head and shoulders pattern we can observe. $NVDA has been a huge player in the game for so long this could be the chance for smaller companies to have break through and have a larger presence as competitors. What do you guys think? Bullish or bearish heading into 2019? Personally, I would like to see some smaller companies step it up and put the pressure on $NVDA and I'm overall bearish at least for now. In the next Q3 report I would like to see some transition to TPU and an overall increased beat on estimates.
