Nvidia Hasn't Bottomed, But It's A Buy Nonetheless (Technical Analysis)(Rating Upgrade)

Core Viewpoint - Nvidia Corporation (NASDAQ: NVDA) has experienced a decline of over 35% since a hold rating was issued in January, attributed to bearish technical indicators suggesting further declines are likely [1]. Company Analysis - The stock's significant drop aligns with broader market trends, indicating a challenging environment for Nvidia [1]. - The analyst emphasizes a strong focus on the tech sector, suggesting that the current market conditions may impact tech stocks disproportionately [1]. Technical Indicators - The analysis indicates that technical indicators for Nvidia are heavily bearish, reinforcing the expectation of continued stock price declines [1].