Why I Believe NVIDIA (NVDA) Is Oversold and Ready to Bounce

I’ve been following NVIDIA (NVDA) closely, and while I’m aware of the recent negative news, I believe the market’s reaction has been completely overblown. To me, this pullback has pushed NVDA into oversold territory—not because of technical indicators like RSI (which I’m not relying on), but because the price is now sitting at a strong demand level that historically has seen solid buying interest.

In my opinion, the market has overpriced the impact of the news. NVIDIA’s fundamentals remain strong, and I don’t see anything here that fundamentally changes the long-term story of the company. This feels more like a short-term overreaction that’s created an opportunity to get in at a discount.