Nvidia, $NVDA, has now added $400 BILLION in market cap since its bottom on April 19th.
That's $400 billion over 11 trading days or $36 billion PER TRADING DAY. After falling over 20% from its high, $NVDA is currently just 6% away from a new all time high. It's officially the 3rd largest public company in the US and one of four with a $2 trillion+ market cap. Source: The Kobeissi Letter
Nvidia drawdown in perspective...there might be more to come...
Nvidia has declined 20% from its peak in March, the largest pullback in over a year. Market cap has moved down to $1.9 trillion from a high of $2.4 trillion. Still up 173% over the last year. $NVDA Source: Charlie Bilello
Nvidia's $NVDA Revenue by product segment over the last 5 years
Source: Visual Capitalist
Nvidia $NVDA closed below its 20D moving average for only the 3rd time this year 👀
Source: Barchart
What are the biggest shorts?
Microstrategy $MSTR is one of the biggest shorts in the entire US market. Nvidia $NVDA is currently leading the pack. Source: Bloomberg
Analysts are forecasting Nvidia's annual revenue will jump to $131 billion by 2026, more than double the $61 billion recorded in the fiscal year that just ended.
$NVDA Source: Charlie Bilello
Does it mean that the nvidia's party is over?
Source: The Great Martis, Time Magazine
Should we be scared ?
source : mad money, Mayhem4Markets
