NVDA's Next Leg Up: Sub-$800 Revisit?

asked by u/souza_felipe · 1d · 1 answers

Been watching $NVDA lately, and while the rally has been impressive, I'm starting to think a revisit to sub-$800 is more likely than not before the next major leg up. Call it 65% probability by end of July. My reasoning is fairly straightforward: the recent run has outpaced some of the more conservative analyst upgrades, and while the AI narrative is strong, profit-taking and some general market choppiness (with $US30 showing a bit of a wobble around 53791) could easily trigger a quick dip. It's not a commentary on the long-term fundamentals, just a feeling that the market needs to catch its breath before another significant push.

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  • u/nikhil_r· 1 pts· 1d

    It's an interesting call, especially with the velocity NVDA has shown. Do you see any specific catalysts that might trigger that profit-taking, or is it more of a general market sentiment play you're anticipating?

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