NVDA's next move and the $DAX implications

Watching NVDA closely this week. While the AI narrative is strong, the latest price action suggests some fatigue. I'd put the odds of a retest of the $120s at roughly 60% by month-end, particularly if we see any profit-taking in the broader tech sector. This isn't about the long-term AI thesis changing, but rather a normal market recalibration after such a strong run.

Such a move in NVDA, given its weight, could easily ripple through other indices. The $DAX, currently at 24671.22, might see increased pressure if capital starts rotating out of growth. I'm not forecasting a crash, but a dip towards 24000 would not surprise me, perhaps with 45-50% probability, especially if the macroeconomic data continues to lean slightly negative.