Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 198.54

-4.1%

Nov 4 3:59 PM EST

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Trader J

To: Trader J who wrote (56347)	8/4/2024 6:43:08 AM
From: Zen Dollar Round	1 Recommendation Read Replies (1) of 56532

With the news that NVDA is delaying its next AI chip by at least three months due to a design flaw and the overall market taking a beating lately, I think we'll see it trade under $100 and perhaps even $90 in the near term. That would be a great buying opportunity and strengthen NVDA's longer term prospects, but there will be pain for awhile afterward as it trades flat to down. It was priced to perfection and any forecasts showing growth slowing or revenue issues will be punished by Mr. Market badly. The nattering nabobs of negativity will turn on NVDA, short it and pump that narrative for all its worth. Let's hope that doesn't happen.

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