Entered Correction Territory. Is the AI Myth 🚀Turning Bearish 🐻?
Recently, various chip stocks have entered a consolidation phase one after another. ![]()
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🎢 $Tesla(TSLA.US$ has already into 🐻. $Alphabet-C(GOOG.US$, $Meta Platforms(META.US$, $Microsoft(MSFT.US$ and $Amazon(AMZN.US$ are fluctuating at their high levels.
Wednesday, the gaint $NVIDIA(NVDA.US$ had a day of decline of 3.87% market value evaporated 84.50 billion dollars. 📉 ![]()
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Now a double top shape shows in $NVIDIA(NVDA.US$ , as one of the most common reversal patterns in trading. This "M" indicates the price is likely to fall.
But the key question is: How deep this pullback will be? 🔑![]()
It was reported from the news that $NVIDIA(NVDA.US$ has the idea of splitting its stock in May, and institutions estimate that the shipment of the new generation of AI chips will exceed one million by 2025, which is good news. ![]()
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SPACELIGHT : Like, I don't care. I'm that callous and cold.