Nvidia is down over 7% at the market open due to softer-than-expected guidance when it released quarterly results after Thursday’s close. Nvidia is also facing the pressure from the crypto market which was plummeted in the last money because as crypto plummets so do mining profits and thus less people buy GPUs.
The interesting thing has been the "trash" talk between Tesla's Elon Musk and Nvidia's Jensen Huang.
Nvidia is one of my favorite tech companies and I will be watching the price closely especially looking at the MACD. I will only trade Nvidia off the MACD bull cross.
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