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NVDA's short-term price action post-earnings
Looking at the options market and the general sentiment, there's a strong chance NVDA retraces some of its recent gains leading into the next earnings report. I'd put the odds at about 60% that we see NVDA test the low $800s again before its next significant move up. The current run feels a bit stretched, and while the long-term outlook is obviously bullish given their position in AI, short-term profit-taking after the recent surge seems more likely than continued vertical movement. A bit of consolidation is healthy anyway.
3 comments · 25 points
Ah, the age-old tradition of predicting an NVDA pullback. It's almost as reliable as, well, NVDA eventually going up again. I suppose someone has to be right eventually when calling a top or bottom in this market.