NVDA Beyond the obvious overvaluation

2021-07-13

the stock has gotten way ahead of itself (couldn’t even draw a bid for $490 in March), the market has already priced in ARM approval. Result? : a) ARM is Approved, or shall we more appropriately say “recommended” on July30 and $NVIDIA Corp(NVDA)$ sells off ( buy on rumour and sell on news), or ARM deal is not recommended and stock dives then. Couple this easy scenario with a rather overvalued tech market — and this stock has become my favorite short position.

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