A straightforward summary of my observations: I’m focusing on the upper part of the green box, where buyers have consistently stepped in with strength. The most recent dip into this area occurred the day before Thanksgiving during a market sell-off.
Here’s a simplified list of factors that I believe will contribute to Nvidia underperforming its Mag 7 peers:
- Overstretched valuation, trading near all-time highs while competitors like AMD and Intel have seen significant declines.
-Ongoing supply chain issues and tariff-related pressures.
-Slowing growth in expansion and revenue.
-Google emerging as a strong competitor in AI-training chips, challenging Nvidia's TSU ambitions.
-A highly extended market overall, increasing the chances of profit-taking and weakened buyer momentum.
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.