The Nvidia (NVDA) fire is finally starting to cool down. Some (myself included) may even say that these are the early signs of the "bubble" beginning to "pop".
I don't doubt the fact that Nvidia is an amazing company, and that they're providing the "picks and shovels" for the next wave of the technological revolution. What I do doubt is the valuation that NVDA stock has gotten to, and the pure un-sustainability of its parabolic chart.
Also, When you see the CEO of a company signing boobs (this was like a week ago), then it's probably a good sign that things have gotten a little too inflated.
In my mind, this is a very easy short, and know that my money is where my mouth is.
I'm calling for a -25% pullback (from current levels) over the next few weeks. It may happen faster.
Always remember: "You can fall a lot faster than you can climb".
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