Can someone tell me why NVDA is going down today? Yesterday they announced a bunch of good stuff and it seems like its dropping for no reason.
Smells like a bubble
>>1028404
What is that supposed to mean?
>>1028403
what brokerage firm do you guys use?
>>1028406
In very simple terms, the value climbs to a peak, then falls. It appears to have started falling.
>>1028404
Looked it up, nevermind. But i doubt it i mean they just announced their new super computer..
>>1028415
market is neither predictable nor does it behave logically.
They have a new tegra ARM chip and big GPU core, but no one is allowed to them it because self driving cars and shit is a higher priority apparently for a GPU company.
Their market is srinking.
>>1028403
NVDA is overpriced but they entire market is taking a shit this week so what's the surprise?
>>1028413
so.... it's more accurate to say it's a bubble pop?
It's just a sea of red out there. I'm not sure anyone can read into any one single thing right now.
>>1028403
sell the news. anticipation of the releases drove/kept the price up and once the news became realized, the hype wore off. also the market in general is getting FUCKED so people are starting to short sell/take gains
>>1030195
it has also been at a five year peak and the RSI has been over 75 for a good while indicating oversold for the first time in 5 years. all the indicators are there for a pullback and a consolidation for a while. if the markets continue to shit, most large companies at highs will be evaluated to see how much they are actually worth and most will get dumped because of downside risk. get some experience noob.
>>1030102
Sure, some also say burst
