The stock market for NVIDIA has faced serious issues following the introduction of new tariffs by President Donald Trump. Analysts are warning of potential losses amid economic uncertainty.
Impact of Tariff Introduction
The introduction of new tariffs by Trump has caused a sharp decline in the stock market, affecting everything from technology to crypto. Financial institutions, such as JP Morgan, have raised the likelihood of a U.S. recession following the tariff shocks.
Analysis of NVIDIA Stocks
NVIDIA's stock has been one of the hardest hit. Earlier in the day, the price fell to $94.31 before slightly recovering to $97.64, marking a 3.53% gain. Currently, the stock is trading at $104.82, reflecting a 7% increase from the previous day. However, the stock remains at the lower end of its 52-week range.
Opinion of Analyst Ali Martinez
Analyst Ali Martinez has issued a warning regarding the sale of NVIDIA stocks, pointing out the appearance of a 'super trend indicator' on the company's stock chart. Martinez stated: 'The last three times this indicator flipped, NVDA dropped 46%, 30%, and 59%.' He believes this to be a precursor to another major shift in the market.
Investors now face a tough choice of waiting for NVIDIA stocks to recover or following the signals and selling. The market situation remains unstable, with many searching for guidance in their decisions.
