U.S. Stock Movement | NVIDIA Surges Over 80% in Less Than Four Months, Analysts Warn of "Overbought" Risks
On Friday, NVIDIA opened high but closed down nearly 1%, reporting at $171.98. In terms of news, on Thursday, NVIDIA's 14-day Relative Strength Index (RSI) briefly broke 80, reaching its highest level since June 2024—when NVIDIA's stock price subsequently fell over 20% in the following six weeks. With Trump easing trade policies and investors remaining optimistic about AI prospects, NVIDIA has surged 83% in less than four months. BTIG's Chief Market Technician Jonathan Krinsky stated, "We have indeed entered an overbought state. While this does not mean the stock price is about to reverse, it is a signal to be cautious. The market sentiment was already leaning optimistic, and now it is almost on the verge of frenzy."
According to Zhitong Finance APP, on Friday, NVIDIA (NVDA.US) opened high and closed low, falling nearly 1% to $171.98. On the news front, on Thursday, NVIDIA's 14-day Relative Strength Index (RSI) briefly broke 80, reaching its highest level since June 2024—when NVIDIA's stock price subsequently fell over 20% in the following six weeks. With Trump easing trade policies and investors remaining optimistic about AI prospects, NVIDIA has surged 83% in less than four months. BTIG's chief market technician Jonathan Krinsky stated, "We have indeed entered an overbought state. While this does not mean the stock price is about to reverse, it is a signal that requires caution. The market sentiment was already leaning optimistic, and now it is almost on the verge of frenzy."
