Since its 10-to-1 stock split on June 7, NVDA rose a further 33%, rounding off an astounding 725% in the past 18 months. But since June 20, selling momentum has picked up considerably and many are taking profits. DeepCap AI still rates NVDA very highly, but it would be prudent to take some profits now, and hold off from buying any new shares until the selling momentum eases.
There is still immense selling pressure from institutional investors, which is not surprising when Nvdia has become the world’s most valuable company. So sell some or wait for this to pass.