$NVDA just hit 6 straight weeks in the red—longest losing streak since 2012.
That's over a decade ago. Back then, the stock was under $3 (split-adjusted). Now it's been the poster child of the AI boom, and suddenly it can't catch a bid for six weeks straight.
What changed? Valuation got stretched. Expectations got massive. Profit-taking kicked in. Maybe some rotation out of mega-cap tech. Maybe concerns about AI spending slowing down or competition heating up.
Historically, long losing streaks don't mean the story is over. They mean the market is resetting. Sometimes that's healthy. Sometimes it's a warning.
For now, watch how it holds support. Watch if volume picks up on any bounce. And remember: streaks end. The question is what happens after.
That's over a decade ago. Back then, the stock was under $3 (split-adjusted). Now it's been the poster child of the AI boom, and suddenly it can't catch a bid for six weeks straight.
What changed? Valuation got stretched. Expectations got massive. Profit-taking kicked in. Maybe some rotation out of mega-cap tech. Maybe concerns about AI spending slowing down or competition heating up.
Historically, long losing streaks don't mean the story is over. They mean the market is resetting. Sometimes that's healthy. Sometimes it's a warning.
For now, watch how it holds support. Watch if volume picks up on any bounce. And remember: streaks end. The question is what happens after.
