The Nvidia Massacre Is Getting Interesting
Poor NVDA
From market darling to market punching bag. NVDA is getting crushed, with the weekend Huang revelations adding fuel to an already brutal unwind. Volatility is exploding, technical levels are breaking and positioning has turned ugly. Yet beneath the carnage, valuations are starting to look increasingly interesting. We are booking profits on our bearish trade, but the contrarian in us is starting to wake up.