Nvidia Koers is Death Cross: enormous crash coming?

Nvidia has been the great star of the stock market in recent years. That now seems to change that. In recent weeks, the race has been struggling a bit, and now the Barchart analysis platform that Nvidia forms a “Death Cross”. That pattern in the graph yielded a decrease of more than 47% last time.

Death Cross for Nvidia

“Nvidia just formed a Death Cross, which was back in the graph for the first time since April 2022. The latter sent the shares of the company down by 47% in six months,” said Barchart in a publication on the X-platform of Elon Musk.

A Death Cross is generally a negative signal. This is the case if the 50-day moving average of a financial asset comes below the 200-day moving average of the course.

It is striking that some AI-Tokens from the crypto world perform well, while the Nvidia course made a considerable slider. Render went up with single percentage, while the same applies to bittensor and fet.

Is the AI ​​hype over?

Some analysts suggest that the AI ​​bubble has since been broken, and that only tokens that really offer value will flourish. Crypto analyst Cryptocost said the following on March 22: “The entire AI hype is already over. It is now time for projects that really offer a solution and bring in turnover.”

Over the past month alone, the large AI and Big Data tokens lost by more than 20%. Near Protocol, for example, received huge taps and went down by almost 59% over the past 12 months.

It is striking that a study by Coingecko shows that many analysts are still bullish about the rates of AI tokens.

Claim € 10 free today and do not pay trading costs over the first € 10,000!

Grab this unique opportunity with Newsbit and Bitvavo by creating an account now via the button below. Only deposit € 10 and receive € 10 free of charge. Moreover, you can act without costs for 7 days over your first € 10,000 in transactions. Start today and take advantage of the growing popularity of Crypto!

Make your account and claim € 10 for free.

Don’t miss this opportunity to take advantage of the growing popularity of Crypto!