2024-03-11 14:15:00 ET
Summary
- Nvidia trading on Friday may signal the end of the line for this "Big Tech / AI" favorite.
- Beware the "key reversal day," as it may have implications for the "Magnificent Seven."
- It is time for the "also-rans" to shine!
Nvidia, are we at the end of the line?
If you are thinking long term, the answer to the above question is probably "not." Artificial Intelligence, as a bane or blessing, is here to stay, and obviously, Nvidia ( NVDA ) is going to be a major player. However, if you are living in the here and now, the Big Tech group and this company may be a bit out over their skis. Friday's action may be a precursor to some giveback and potential underperformance....
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Nvidia: Friday's Trade... Not A Good Look