NVDA Stock Crunch Time Moves Stock Market Towards A Bear Market Attack

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NVDA stock was all in the news last week as it’s CEO resigned following revelations that he had an affair with the CEO of an Asian company called Megaspeed, who has been accused of being a spy for Chinese intelligence.

Does Megaspeed sound like the name of a front company to you?

But, to me the real important thing about NVDA is not that story, but the simple fact that it has been the big bull market leader stock for the past four years. It is to the markets, and the investors who own it, what CSCO was in the 1990’s and Apple stock became for people after 2008 - the stock that everyone has to own of one of the biggest companies in the world, the leader in it’s industry whose shares always goes up - until the day they don’t.

CSCO was the pipeline network stock for the internet bubble. Apple was the social media stock of the 2010’s - everyone becoming a phone person, addicted to the apps, and NVDA is the “AI" stock of today.

But it didn’t simply fall last week, it in fact has been in decline for weeks and pretty much already crashed before the spy sex scandal story broke last week.