👀 $NVDAB Lost $190B in a Day. All Eyes on Today’s Open
#NVIDIA closed Monday down 4.3%, about $190B in market value. Five minutes after the bell, shareholders filed a proposed class action in San Jose. They say the company hid the CEO’s alleged ties to a suspected Chinese spy and the risks that came with them.
Trump weighed in too. He told reporters the FBI is looking into it, but added, “I really believe him” about Huang saying he had no idea she was a spy.
Both came after Monday’s close, so the stock market hasn’t reacted yet. On my 30-minute chart, the price slid from about $211 on Nov 4 to a low near $172 yesterday. Overnight it held around $180, a bit above the $178.67 close.
Levels for today’s open 👇
📈 $188: where NVDA sat all weekend. Back there, and Monday starts to look like an overreaction.
📌 $178: Monday’s close and the Nov 6 low. Opening above it would be a good start.
📉 $172: yesterday’s low. A gap below $178 would likely send the price back to test it.
For me, a lawsuit five minutes after the close sounds dramatic, but in the US law firms often file right after a big drop, so I read it as a reaction to the selloff, not new bad news. And when the biggest AI stock has a rough day, $BTC usually feels it too, because both trade on the same risk mood.
Where do you think NVDA opens today, above or below $178? 🤔
By the way, Nvidia reports earnings on Nov 17 👀
#NVIDIA closed Monday down 4.3%, about $190B in market value. Five minutes after the bell, shareholders filed a proposed class action in San Jose. They say the company hid the CEO’s alleged ties to a suspected Chinese spy and the risks that came with them.
Trump weighed in too. He told reporters the FBI is looking into it, but added, “I really believe him” about Huang saying he had no idea she was a spy.
Both came after Monday’s close, so the stock market hasn’t reacted yet. On my 30-minute chart, the price slid from about $211 on Nov 4 to a low near $172 yesterday. Overnight it held around $180, a bit above the $178.67 close.
Levels for today’s open 👇
📈 $188: where NVDA sat all weekend. Back there, and Monday starts to look like an overreaction.
📌 $178: Monday’s close and the Nov 6 low. Opening above it would be a good start.
📉 $172: yesterday’s low. A gap below $178 would likely send the price back to test it.
For me, a lawsuit five minutes after the close sounds dramatic, but in the US law firms often file right after a big drop, so I read it as a reaction to the selloff, not new bad news. And when the biggest AI stock has a rough day, $BTC usually feels it too, because both trade on the same risk mood.
Where do you think NVDA opens today, above or below $178? 🤔
By the way, Nvidia reports earnings on Nov 17 👀
