Verified Investing on $NVDA (Nov 9, 2026)

Nvidia's CEO is at the center of a scandal after being caught with a Chinese spy, and Bitcoin loses its pivotal support level at $75,000.

We are rising with the broader market even as chip stocks decline due to Nvidia's headlines.

You have Bitcoin low, gold high, oil low, Nasdaq high, but Nvidia low. These are sharp fluctuations.

To be fair, today's main driver is a bit controversial, as Jenson Huang admitted to a relationship with someone who turned out to be a Chinese spy . The reality here is that we are witnessing a sharp decline in Nvidia's stock.

I would like to say that such historically scandalous news does not last long . We do not have a news cycle that adheres to this type of news. Therefore, I view these things as buying opportunities.

If we can move on to my charts, I'd like to show you Nvidia here. Nvidia's chart is descending towards a multi-factor technical support level. Therefore, I am a buyer of Nvidia shares at this level based on this news.

I repeat, I view this matter, as I said before, as mere sensationalism. Obviously, they will conduct investigations, but that is the reality at this stage and now we know.

But the takeaway is that Nvidia is now down about 30% in a straight line. Technically speaking , this is an extreme peak selling situation for one of the best quality companies in the sector.

Now, I'm curious, Luton, you know, there's a lot going on with Nvidia. Are we seeing any transmission of this effect to Asian markets? Without Nvidia, I think we would have seen a much bigger bounce.

Listen, we are in a market where last summer I hated holding buy positions in semiconductors and I was selling heavily . Now I've reached a point where these peak selling levels have become very attractive to me.

By the way, that doesn't mean it can't go down a little more, but when you see such drops in Nvidia stock or other names, it really starts to catch my attention.