Short NVDA After Stock Split

NVDA shares will begin trading on a split-adjusted basis on June 10th. Nvidia has completed five other stock splits since its IPO in 1999, and shares have typically declined sharply during the next year.

Regarding reversion targets (pre-adjusted):

Correction: 200 Day, currently at $657.97
Long Term Correction: 200 Week, currently at $303.14

Once split-adjusted, historical price action is typically bearish after the bubble. This has implications for semis, the broader tech trade, and equities into year end.