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Nvidia Rally Shows Signs of Overheating as Gains Blow Past 80%
Nvidia Corp. traders keep getting reasons to buy the stock, but the breakneck rally is showing signs of overheating.
Nvidia Corp. traders keep getting reasons to buy the stock, but the breakneck rally is showing signs of overheating. The chipmaker’s 14-day relative strength index briefly topped 80 on Thursday, the highest since June 2024 when the stock dropped more than 20% over the following six weeks. The momentum gauge tracks the speed of a stock’s recent price changes and a reading over 70 is a signal to some analysts that buying is at extreme levels.
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