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AI bubble burst? Historical patterns suggest Nvidia (NVDA) crash imminent
NvidiaNvidia(US:NVDA) Finbold·2024-07-14 15:52

Nvidia (NASDAQ: NVDA), the semiconductor giant, might be on the brink of a significant downturn, according to a recent technical analysis.As a recap, NVDA has been the darling of the stock market, leading technology equities that have rallied significantly due to their bet on artificial intelligence (AI). Nvidia’s gains have been enhanced by the company’s recent 10-for-1 stock split, which made shares more accessible to investors.As of press time, the stock was trading at $129, boasting an impressive year-t ...