Verified Investing on $NVDA (Oct 26, 2026)
NVDA tagged a key ascending trend line Friday; holding keeps the uptrend intact, while a confirmed close below would break it. NVDA has a reasonable P/E and is core to the chip trade; Neoclouds and Micron fell while NVDA held. If NVDA loses this level, AI stocks may bounce, but the top would be in and those names could enter a bear market.
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Another stock to keep an eye on here is Nvidia. Nvidia is on Friday tagged this ascending trend line. This is a huge level for Nvidia, guys. huge huge huge huge level because if it breaks this the uptrend is broken right now it's still hanging in there.
It's bouncing today a little bit. Do we get a close with confirmation below this line? Watch that closely in the coming day or days folks. This would be big if this breaks to me at least.
You know you have Nvidia which by the way is trading at a very reasonable price toearnings ratio. Um, it's kind of being a $5 trillion chip stock, it is the core of the chip trade and you're seeing things around Nvidia collapse like the Neoclouds, other names like the storage names, STX, WDC have come in a lot.
Um, even Micron has fallen back a lot. But Nvidia has held so far.
If that goes away, then in my opinion, it doesn't mean we're not going to get amazing bounces on the AI stocks, but it absolutely at that point, you have to say, okay, the top was put in when all these these these candles uh on like Micron back months ago made those highs.
Now, we're probably headed towards a bare market in those names. And that's the scary thing for this market because so much has been built on that thesis, the bull market, the AI trade never kind of ending.
Well, guess what? Nvidia better hold it here. Better hold it or things are looking dire.
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