⚠️ NVIDIA $NVDA — IS THE MARKET TRAPPING DIP BUYERS AGAIN?
Nvidia has been under serious selling pressure recently. After trading near $239 in October, the stock dropped toward the $165–$170 region, catching many dip buyers off guard.
My view is that the short-term trend remains under pressure, even though NVIDIA's long-term AI business story is still strong.
Here's what I'm watching:
📉 $165 — Important support: This is the recent 52-week low area. If selling pressure returns and this level breaks, the next psychological zone around $150 could come into focus.
📈 $180–$200 — Recovery zone: Buyers need to rebuild momentum in this area to improve the short-term picture.
What's happening behind the scenes?
Baird downgraded NVIDIA to Neutral and cut its price target from $500 to $200, citing uncertainty around AI spending, China restrictions and leadership concerns. Meanwhile, NVIDIA's next earnings report is scheduled for November 17.
Despite the recent selloff, many analysts still remain bullish on NVIDIA's long-term potential.
My take: I wouldn't confuse a short-term bounce with a confirmed trend reversal. The $150 area is a possible deeper downside zone, not a guaranteed target.
The bigger question is whether NVIDIA can regain market confidence before earnings. 👀
#NVIDIA #NVDA #stocks #AI #stockmarket
Nvidia has been under serious selling pressure recently. After trading near $239 in October, the stock dropped toward the $165–$170 region, catching many dip buyers off guard.
My view is that the short-term trend remains under pressure, even though NVIDIA's long-term AI business story is still strong.
Here's what I'm watching:
📉 $165 — Important support: This is the recent 52-week low area. If selling pressure returns and this level breaks, the next psychological zone around $150 could come into focus.
📈 $180–$200 — Recovery zone: Buyers need to rebuild momentum in this area to improve the short-term picture.
What's happening behind the scenes?
Baird downgraded NVIDIA to Neutral and cut its price target from $500 to $200, citing uncertainty around AI spending, China restrictions and leadership concerns. Meanwhile, NVIDIA's next earnings report is scheduled for November 17.
Despite the recent selloff, many analysts still remain bullish on NVIDIA's long-term potential.
My take: I wouldn't confuse a short-term bounce with a confirmed trend reversal. The $150 area is a possible deeper downside zone, not a guaranteed target.
The bigger question is whether NVIDIA can regain market confidence before earnings. 👀
#NVIDIA #NVDA #stocks #AI #stockmarket
