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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
Nvidia CEO Jensen Huang drew this graphic showing Nvidia's journey from 1964 to today
source : stockmktnewz
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