Nvidia Stock: Was That A Blow-Off Top?

Damir Tokic
11.77K Followers

Summary

  • Nvidia Corporation stock experienced a significant price reversal following the February labor market report, which could signal a potential bubble burst.
  • However, the Nvidia fundamental "hook" is still valid, and the macro situation still supports the speculative frenzy.
  • The CPI report and the Fed's meeting on March 21st could, however, validate the Friday's blow-off top.

Nvidia Corporation building in Taipei, Taiwan.

BING-JHEN HONG

Has the Nvidia bubble burst?

Nvidia Corporation (NASDAQ:NVDA) stock had a significant price reversal following the February labor market report. Initially after the "soft" labor market report, Nvidia rose by 4% and then sold-off by 6% by the end of

This article was written by

11.77K Followers
Commodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance.

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