Verified Investing on $NVDA (Nov 9, 2026)
NVDA's scandal-driven drop is a fantastic buying opportunity: it was already down 25% over the last month at a low forward PE and is now even cheaper, the news should be ancient history within a week or two, and earnings soon likely will be tremendous. He does not foresee NVDA being penalized, though investigations are likely and further compromising information may surface; he expects a bounce usable as both a day trade below 175 and a swing trade, with support around 165.
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Now, the big story over the weekend was a kind of scandalous one. You had Nvidia and Jensen Hong uh essentially admitting to an affair with a Chinese spy. Obviously, he didn't know or at least I'm assuming he didn't know it was a Chinese spy, but you have an event here that's causing a short-term drop in Nvidia.
And I'll tell you right now, I think it's a fantastic buying opportunity. Nvidia was already down 25% over the last month due to the market conditions trading at a low forward PE.
Now it's even cheaper. And we know how the news cycle works in this new day and age. Within a week or two, this will be ancient history. And they're going to have earnings soon, which likely will be tremendous.
So, we'll look at that chart in just a minute. But basically, I am looking to go long. I'll show you the technical level.
Nvidia is getting hammered here. It's even trading at 17550 below this key support level. I will tell you right now, chances are I will be a buyer of Nvidia at the opening bell, especially if it's below 175 as a day trade.
Now, I also like it as a swing trade, but again, this is a humongously good level.
Nvidia, again, we'll have to see if there's any compromising information, but for the most part, the president was speaking about Jensen Huang today. Um, and he said he's a great dude, he's, you know, this that.
I don't foresee Nvidia getting penalized. Did they allow any special information to trickle out? Possibly. Will there be investigations? I'm sure. But my guess is if someone was going to buy Nvidia chips yesterday or last week, they're not changing their mind based on this news.
So when you bring it down to facts, just the facts, my guess is this is a bounce opportunity both as a day trade and a swing trade on Nvidia.
And look at the levels here, guys. Descending trend line support line here. And you also just below at around 165, you have a secondary key support level as well right here at around 165.
So just lots of technical support coming in here on the Nvidia chart.
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