Earlier in the week, I said it would be down today due to the jobs report, and you called it yesterday. They couldn't fudge the numbers like they had been doing, since their are more eyes on it now, after the, 800k jobs, revision downward.
NVDA is now down 27%, from the high of $140. Nothing in the near term foreseeable future that should catapult this passed $140.
During the early part of the year, the analysts were behind the curve, always playing catch up with their predictions. NVDA would sail passed lofty predictions within a few days or weeks. Now it's just the opposite. The analysts are making big predictions and NVDA has lost its momentum and is headed in the opposite direction.
Of course, retail (high school football team) is buying due to all the media attention, while the smart money (NFL Superbowl Champions) has reduced their exposure or exited completely.
Of course, good luck to everyone, no matter what side you play on.
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