$NVDA Over the past month, it fell from 228 to 178.
According to Yahoo Finance daily data, Nvidia closed at $228.52 on October 13 and at $178.67 last night—a drop of more than 20% in a month. It fell 4.27% just yesterday, and NBD reported that about $193 billion was wiped off its market value.
The main pressure on the stock comes from the CEO-related issues. The board has announced an independent investigation into matters involving Jensen Huang personally, and just minutes after the market closed, the company was hit with a shareholder class-action lawsuit.
But business on the chip front hasn’t stopped. TSMC just reported October revenue of NT$586.89 billion, up 59.7% year over year and a record high for a single month. According to Investing.com, Nvidia rebounded about 1.8% in premarket trading.
My take: TSMC’s figures support the demand for AI chips, so Nvidia’s recent drop is more about fears of uncertainty in its leadership. In a market driven by headlines like these, both a rebound and another drop could come quickly.
There are still two potential shocks to get through tonight: the CPI at 21:30 and Nvidia’s own earnings report on November 17. If you trade U.S. stock perpetuals or leveraged products like SOXL, reducing your position a little before the news comes out is more sensible than trying to guess the direction.
#英伟达 #U.S.Stocks
This is not investment advice. Manage your own position.
According to Yahoo Finance daily data, Nvidia closed at $228.52 on October 13 and at $178.67 last night—a drop of more than 20% in a month. It fell 4.27% just yesterday, and NBD reported that about $193 billion was wiped off its market value.
The main pressure on the stock comes from the CEO-related issues. The board has announced an independent investigation into matters involving Jensen Huang personally, and just minutes after the market closed, the company was hit with a shareholder class-action lawsuit.
But business on the chip front hasn’t stopped. TSMC just reported October revenue of NT$586.89 billion, up 59.7% year over year and a record high for a single month. According to Investing.com, Nvidia rebounded about 1.8% in premarket trading.
My take: TSMC’s figures support the demand for AI chips, so Nvidia’s recent drop is more about fears of uncertainty in its leadership. In a market driven by headlines like these, both a rebound and another drop could come quickly.
There are still two potential shocks to get through tonight: the CPI at 21:30 and Nvidia’s own earnings report on November 17. If you trade U.S. stock perpetuals or leveraged products like SOXL, reducing your position a little before the news comes out is more sensible than trying to guess the direction.
#英伟达 #U.S.Stocks
This is not investment advice. Manage your own position.
