$NVDA Is Facing A Major PR Crisis Right Now.
The controversy surrounding CEO Jensen Huang has taken over headlines, and he’s now facing massive criticism across social media.
After admitting to being unfaithful to his wife, reports about his alleged relationship with a woman suspected of having links to Chinese intelligence have added even more pressure. NVIDIA’s board has also launched an independent investigation.
And the market reaction is getting interesting.
NVIDIA is already down sharply, with the price trading around $181 after losing more than 3% in the session.
Looking at the 1H chart, the breakdown is quite aggressive. Buyers are struggling to recover, and the recent bounce looks weak so far.
With growing public backlash and uncertainty surrounding its CEO, investor sentiment could face further pressure.
I’m expecting more downside if buyers fail to reclaim the broken levels. The $177 area is the next important level to watch.
The controversy surrounding CEO Jensen Huang has taken over headlines, and he’s now facing massive criticism across social media.
After admitting to being unfaithful to his wife, reports about his alleged relationship with a woman suspected of having links to Chinese intelligence have added even more pressure. NVIDIA’s board has also launched an independent investigation.
And the market reaction is getting interesting.
NVIDIA is already down sharply, with the price trading around $181 after losing more than 3% in the session.
Looking at the 1H chart, the breakdown is quite aggressive. Buyers are struggling to recover, and the recent bounce looks weak so far.
With growing public backlash and uncertainty surrounding its CEO, investor sentiment could face further pressure.
I’m expecting more downside if buyers fail to reclaim the broken levels. The $177 area is the next important level to watch.
