$NVDA

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Nvidia caught its breath a bit today. We saw a rebound of approximately 5%—moving from the $168 level seen on November 10th to a range of $175–$177 today. However, we shouldn't let this move mislead us.

After hitting a record high of $239 in early October, the stock has been in a significant downtrend. Despite today’s recovery, it is still trading well below its peak.

Looking at the chart, the SuperTrend indicator sits at $198—well above the current price. From a technical standpoint, this suggests that the primary downtrend has not yet been broken; what we are seeing is more of a "rebound buy" emerging from an oversold territory. The market is grappling with concerns regarding chip sales restrictions to China and a potential slowdown in corporate spending on artificial intelligence. Add to this the investigations and hearings involving CEO Jensen Huang before the U.S. Congress, and the level of uncertainty has intensified significantly.

In my view, the most critical point is this: until the situation surrounding Huang and Congress is clarified, the chart will likely remain in a state of caution. For us as investors, it is difficult to determine whether the $175 level represents a lasting bottom or merely a brief pause.

Do you see this decline as a long-term opportunity, or would you prefer to wait until the political and regulatory uncertainties are resolved?

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