Nvidia: Pain Will Not Last


  • Nvidia recovered nearly 70% from its October lows toward its December highs, outperforming the S&P 500. NVDA bears wanted a collapse further, but market operators had not concurred.
  • Is NVDA still priced at a premium? Yes, it is. Can it fall further? Why not. But with China’s rapid reopening, it could also lift its recovery in H2CY23.
  • NVDA’s growth premium is still susceptible if the global economy falls into a deep freeze. So, if you are in that camp, you should abstain from adding positions.
  • But, if you think Nvidia’s earnings estimates have been de-risked with the potential for upward revisions, don’t miss buying it here.

Semiconductor Maker Nvidia Reports Quarterly Earnings

Justin Sullivan

Nvidia: Consumer Segment Still Expected To Be Weak. “Old” News Or New Information?

We highlighted in our previous article on NVIDIA Corporation (NASDAQ:NVDA), urging investors to await a pullback first and assess the buying support.

Notably, we gleaned that

NVDA price chart (weekly)

NVDA price chart (weekly) (TradingView)

Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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