Nvidia At A Make-Or-Break Level: Buy, Sell, Or Hold? (Rating Upgrade)
Contributor since 2021 / 9131 Followers
Summary:
- Amidst a rapid run-up in long-duration treasury yields, Nvidia Corporation stock has been experiencing measured selling over the past month or so.
- Despite Nvidia’s robust growth projections for 2025, Nvidia’s stock appears to be forming a bearish “H&S” pattern.
- On the back of an 8% decline since my last update, NVDA’s risk/reward profile has improved just enough to warrant an upgrade from “Sell” to “Hold” rating.
Monty Rakusen
Introduction
Last month, I downgraded Nvidia Corporation (NASDAQ:NVDA) to a tactical “Sell” in the high-$140s, citing poor long-term risk/reward on the back of a robust quarterly print:
Nvidia Corporation remains the most obvious “picks and shovels” play in the
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