NVIDIA stock price soars over 80%, analysts warn of "overbought" risk

On Thursday, Nvidia's 14-day relative strength index once broke through 80, reaching its highest level since June 2024 - at that time, Nvidia's stock price dropped by more than 20% in the following six weeks. With Trump easing trade policies and investors continuing to be optimistic about the prospects of AI, Nvidia soared by 83% in less than four months. Jonathan Krinsky, chief market technician at BTIG, said, "We are indeed in an overbought state now. Although this does not mean that the stock price will reverse immediately, it is a signal that needs to be cautious." Previously, market sentiment was already leaning towards optimism, and now it is almost at the edge of ecstasy.