Where next for NVIDIA?

Yesterday the share price of NVIDIA (NVDA) took another hit. As reported on here at the time. To repeat, the reason for this was all due to an investigation by the US administration into the level Chinese exports. What was not mentioned at the time, was the fact that Chinese exports (either directly, or indirectly account for around 50% of NVDA sales) and that is why the share price slumped by around 8% at one stage yesterday afternoon. That fall took it to a session low, at $120.05. As also mentioned that was below the current 200 day moving average again (then at 122.12). However, a rebound into the US close saw the stock price reject a daily close below that moving average. NVDA closed 4.10% lower on the day, at $123.70. The price action since has seen it drop back slightly in the grey market since that close. Whilst there are many who still want to buy into this story, we should not underestimate the implications of all the news that has greeted the stock so far this week. Whilst greed might not put buyers off entirely at this stage, fear is something to keep in mind, remembering the valuation of this company and where it has come from over the past couple of years