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As Nvidia shares continued to decline from their all-time high, an investment research company founded by Puru Saxena has sold its remaining Nvidia stocks and issued a sell-off alert. The company, AlphaTarget, made this decision after analyzing Nvidia's stock performance and seeing a decline in value. The analysts believe that Nvidia's reign as the 'AI King' may be coming to an end.
The sell-off alert was based on Nvidia's stock price performance, which showed a peak followed by a decline and subsequent lower highs. Despite a significant gain earlier in the year, Nvidia shares have been dropping recently due to concerns over tech export restrictions and insider selling. AlphaTarget analysts are convinced that it's time to take profits on Nvidia shares, although market trends can change quickly.
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