Nvidia Has More Trouble Now: Fundamental Shift, Rich Valuation, and Technical Warnings

Nvidia has significantly lagged the Nasdaq 100's performance over the past two weeks, as macro headwinds loom. More importantly, concerns over a potential computing surplus are shaking its fundamentals, something investors once believed was unshakable. Although AI is still the future and nvidia remains a key player, the GPU giant has failed to justify its evolving role as AI enters a more mature stage. Meanwhile, China's DeepSeek has demonstrated that clusters of super-advanced AI chips may not be a necessity but rather a luxury, raising concerns about Nvidia's long-term growth potential. From a fundamental, valuation, and technical standpoint, Nvidia now faces severe challenges in the foreseeable future.