Recently, many friends have shown great concern and worry about NVDA.

They believe that Nvidia has fallen to a support level today, and the trend seems precarious. Once it effectively breaks below, it will be very difficult for the stock to "rally" again in the future.

As I have always emphasized, analyzing a stock requires a comprehensive judgment from fundamental, technical, and sentiment perspectives.

NVDA Technical Analysis

Key support levels

$104 is the 100-day DMA support.

$100 is a strong psychological defense line and the 120-day DMA.

$92-95 is the breakout point after the last quarterly report and the strong 150-day DMA support.

$80-83 is the 200-day annual support level and the support point from the last pullback.

NVDA has rebounded multiple times after declines

1. Last time, after Microsoft's ER news was unfavorable, NVDA fell to $100.

Later, encouraged by AMD's strong quarterly report, NVDA rebounded to $106.

2. Today, during the early market sell-off, NVDA once dropped to $90 but has now recovered to $100.

NVDA Fundamental Analysis

1. NVDA's sales remain very strong, with orders already extending beyond the end of 2025.

2. The new Blackwell Chip, despite a three-month delay, will begin official production and sales in the coming months.

3. NVDA's forward P/E is only 27 (assuming 2025 EPS of $3.74, which may be revised upward in the next ER?!).

4. The AI wave and bubble are far from over.

NVDA Sentiment Analysis

Investor sentiment is currently low, with concerns including:

1. Will major companies continue to invest heavily in AI?

2. What will the actual returns from AI be?

This is a good sign before the inevitable reversal.