Changes in US stocks | Nvidia (NVDA.US) surged more than 80% in less than four months, analysts warn of risk of “overbought”

The Zhitong Finance App learned that on Friday, Nvidia (NVDA.US) opened high and fell nearly 1% to $171.98. According to news, on Thursday, Nvidia's 14-day Relative Strength Index (RSI) topped 80, the highest level since June 2024 — when Nvidia shares fell by more than 20% in the next six weeks. As Trump eased trade policies and investors continued to be optimistic about the future of AI, Nvidia surged 83% in less than four months. Jonathan Klinsky, chief market technical analyst at BTIG, said: “We are indeed overbought now. Although this does not mean that the stock price is about to reverse, it is a sign that we need to be wary. Market sentiment was already optimistic before, but now it's almost on the verge of fanaticism.”