A few reasons why bears want to come
1. Too much AI hype. The current increase in the seven major technology stocks is far greater than sp500. The market value of Nvidia is equal to the sum of the market capitalization of 2-10 chip stocks. The AI market will be less than 100 billion dollars in the next ten years. Nvidia alone has taken over all AI markets, so other companies will not have to play.
2. After the debt ceiling was passed, TGA issued additional bonds to remove 500 billion dollars of liquidity from the market.
3. The interest rate curve is still inverted, and banks are still losing blood.
4. Inflation has not declined and is still 4.6%. The Federal Reserve will also raise interest rates and reduce its schedule.
5. The US dollar will soon take shape, and the strength of the US dollar is not conducive to technology stocks.
6. Same as 2. Issuing bonds will cause prices to fall, interest rates to rise, and it will also discourage technology stocks.
7. At the end of June, the positions of large funds were adjusted, selling high and buying low.
8. Put down a lot of hammer lines at a high level today.
Overall, Nvidia is a big bubble; when it breaks is just a matter of time.
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