Is Nvidia Going to Plunge 40% (or More)? History Offers a Very Clear Answer.

Earlier this year, many hedge funds began betting against Nvidia (NASDAQ: NVDA) by shorting the stock. "Their targeted short bets on companies such as Nvidia...underscore hedge funds seeing at least some of the once-popular Magnificent Seven shares of the biggest U.S. tech firms as expensive," Reuters reported. Recently, Michael Burry -- the famous investor who bet big against the U.S. housing market before the bubble popped in 2008 -- joined the growing list of Nvidia bears. According to recent filings, his hedge fund is now shorting Nvidia shares.Could a massive drop be in store for Nvidia? History suggests there could be downside of 40% or more to come. But before you get nervous, just know that there is a catch to Nvidia's potential downside.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool