Is NVDA's $600 Billion Drop Due to DeepSeek?
From my observation, the answer is no. NVIDIA had been experiencing continuous breakout growth for several months, reaching a double-top peak at the same time the AI wave was at its strongest. This led to the company's valuation multiplying several times from its lows.
The $140+ range was around the peak valuation for NVDA. Therefore, in the next few months, a correction below $100 is inevitable. Even without DeepSeek, a similar event would have triggered this correction, as it is a natural phase for a company that has experienced such rapid and sustained growth. Framing it as an AI-driven narrative simply makes the situation more convincing.
Looking at the chart, NVDA will likely top out, correct downward to form a bottom, then rebound to a new high before the larger 3M cycle correction begins.
From my observation, the answer is no. NVIDIA had been experiencing continuous breakout growth for several months, reaching a double-top peak at the same time the AI wave was at its strongest. This led to the company's valuation multiplying several times from its lows.
The $140+ range was around the peak valuation for NVDA. Therefore, in the next few months, a correction below $100 is inevitable. Even without DeepSeek, a similar event would have triggered this correction, as it is a natural phase for a company that has experienced such rapid and sustained growth. Framing it as an AI-driven narrative simply makes the situation more convincing.
Looking at the chart, NVDA will likely top out, correct downward to form a bottom, then rebound to a new high before the larger 3M cycle correction begins.
Founder: rainbowsniper.ai (searching trend systme,coming soon) Telegram information: t.me/rainbowmg3 Vietnammese Channel: chat.beincom.com/178aa7279bd5/channels/town-square
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Founder: rainbowsniper.ai (searching trend systme,coming soon) Telegram information: t.me/rainbowmg3 Vietnammese Channel: chat.beincom.com/178aa7279bd5/channels/town-square
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.