Nvidia is up 1.23% today at 233.95, and is continuing to rise 0.8% in premarket trading. It’s up 3.95% over the past 7 days, 25.44% year to date, and 24.69% over the past year. The trend remains steady.
The capital flows are interesting: 7.2 billion flowed in and 9.1 billion flowed out, for a net outflow of 1.9 billion. Both large and medium-sized traders are reducing their positions, yet the premarket price has climbed, suggesting that buyers absorbed the selling pressure and support is strong. Market cap is 5.64 trillion, and the P/E ratio is 29.57, a reasonable valuation among AI stocks.
With 235 holding, the next target is 240. The major AI cycle isn’t over; pullbacks are opportunities. Don’t chase the rally—wait and see if it retests around 225.
The capital flows are interesting: 7.2 billion flowed in and 9.1 billion flowed out, for a net outflow of 1.9 billion. Both large and medium-sized traders are reducing their positions, yet the premarket price has climbed, suggesting that buyers absorbed the selling pressure and support is strong. Market cap is 5.64 trillion, and the P/E ratio is 29.57, a reasonable valuation among AI stocks.
With 235 holding, the next target is 240. The major AI cycle isn’t over; pullbacks are opportunities. Don’t chase the rally—wait and see if it retests around 225.
