NVDA Oportunity to Short Post Earnings

15 Şub 2019

There is weakness in the semiconductor market, NVDA has recently been underperforming peers, ASX, INTC, ATOM.



The mayority of ratios are not good either, P/S, P/E, EV/EBITDA are way over Industry Average.

• Weak cryptocurrency demand of chips
  
• Suspension of test drives for driverless vehicles
  
• Uncertain macroeconomic environment may jeopardize company growth (80% company sales derived from outside US)
  
• Customer concentration: Top two customers accounted for 30% of total accounts receivables
  

Short term we may see a bounce to the 165-180 zone post earnings, where there is an unfilled Gap, price should range for a couple weeks between daily 50 MA and 200 MA.

14 Haz 2019

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