BING-JHEN HONG
Executive Summary
I am very happy that my bearish late-March Nvidia Corporation (NASDAQ:NVDA) thesis aged well, because, as I predicted, the share price dipped below $100 in April, which was my target price. As I promised, I loaded
Nvidia: Will See You At $100 Soon, Once Again (Technical Analysis)
Summary
- Having accurately predicted a $100 target price for Nvidia Corporation in April, and following a subsequent 40%+ rally, I believe the time is ripe to navigate this volatility once more.
- Recent global and political uncertainties, plus signs of slowing data center buildouts, suggest investors will pay lower premiums for AI leaders like Nvidia.
- The "Overbought + Overvalued" formula almost never works well, especially when we speak about highly volatile stocks like NVDA.
With a decade at a Big 4 audit firm specializing in the banking, mining, and energy sectors, I bring a strong foundation in finance and strategy. Currently, I serve as the Head of Finance for a leading owner and operator of retail real estate, where I oversee complex financial operations and strategy. I’ve been an active investor in the U.S. stock market for 13 years, starting with my very first paycheck. Over time, my portfolio has evolved to reflect a balanced approach, with a growing focus on value stocks while maintaining solid exposure to growth opportunities. My investment philosophy is rooted in thorough research and a long-term perspective, which has helped me navigate various market cycles successfully. I aim to bring value to Seeking Alpha by uncovering promising under-the-radar stocks that may not yet be on the broader market’s radar. My background in auditing and finance, combined with years of hands-on investing experience, allows me to provide unique insights and actionable ideas for fellow investors.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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