This is basically due to that earnings most likely wont live up to the massive valuation. But I can of course be wrong. I also think the seasonality will ruin the stock and that the sentiment will get destroyed and everyone will re-think their view on nvidia. Maybe the earnings will suprice us so much that it will tank even faster.
But of course there is a possibility that they grow 100-200% in q2.. then I think this wont be as horrific. But I do think we will go down at least to 300.
But I have been more wrong then right so far.
Peace
But of course there is a possibility that they grow 100-200% in q2.. then I think this wont be as horrific. But I do think we will go down at least to 300.
But I have been more wrong then right so far.
Peace