So, NVIDIA lost a third of its price, not a third of its business🫧
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NVIDIA lost $1.7 trillion‼️Is this the beginning of the AI bust?
The internet called the end of it after a 29% drop in five weeks... we checked the numbers first
Conclusions
NVIDIA got a third cheaper while its profit kept growing from one quarter to the next
The AI bubble may come one day, but we don't think it's before 2029
Until then, end-of-the-world headlines remain the cheapest product on the market. And also CEO’s scandals.
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So, price convinced everyone in September and scared them in November, while the steps of the cycle never changed
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Bitcoin convinced everyone. Then it scared them‼️
In September a higher high made everyone bullish. In November a 14% drop made them bearish... same chart, different mood
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Conclusions
In September price convinced everyone. In November the same price scared them
The long-term chart didn't change. The opinions did
Next time you want to change your mind after one candle, look at the steps of the cycle first. Candles are for birthday cakes
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