---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/22976001.md"
description: "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 AnalysisKey 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 declines1. 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 Analysis1. 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 AnalysisInvestor 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."
datetime: "2024-08-05T20:03:18.000Z"
locales:
  - [en](https://longbridge.com/en/topics/22976001.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/22976001.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/22976001.md)
author: "[天馬行空](https://longbridge.com/en/profiles/14512739.md)"
---

# Recently, many friends have shown great concern an…


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