- Nvidia Corporation just gained +70% in two months to become the #1 most valuable stock. This blow-off top has happened exactly as how my Cisco Model predicted in April.
- Now this model is anticipating a decline which will happen in three phases. The first phase (today) will be very sharp. The second phase will be the largest.
- Recent stock price behavior, insider sales and economic indicators increase the odds of this bubble collapse occurring.
“After a slow-down in March and early April, Nvidia would gain +40% in the next three months to reach a final blow-off top. That would be followed by little weakness first and a huge selloff by late 2024/early 2025.”
This is a piece from my last article on NVIDIA Corporation (NASDAQ:NVDA), “Why Nvidia Could Become The Largest Company, But Not For Long.”
The blow-off top ended exactly as planned, with Nvidia stock peaking at $135.58 on June 18th.
Over the past days, an impressive reversal has occurred, which, I believe, might be the start of one of the biggest bubble collapses from this generation.
With this article, I want to update you how this surprisingly accurate bubble theory is unfolding. Bearish news regarding the economy, insider sales and the stock-split are increasing the odds to the downside.
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