Celsius Holdings (CELH) experienced a significant decline in its stock price, dropping 9% on June 10, 2024, due to a delayed shipment of Nvidia chips. This delay has raised concerns among investors about the competitiveness of its LLM models compared to ChatGPT. The stock, which is currently trading at $67, has seen a 33% decline over the past three weeks. Despite this, some investors view the current price as a buyable dip, noting that the stock is nearing its 200-day moving average, a major support level where it previously bounced. The stock still trades at a 70+ PE.
$CELH is down 33% in the last 3 weeks. Sitting right at the 200dma major support where it bounced bigly last time. Worth a falling knife bounce play right here right now.
Celsius Holdings $CELH dropped 9% today because its shipment of Nvidia chips was delayed and investors are worried its LLM models wonโt be competitive with chatGPT. The stonk still trades at a 70+ PE though.
$CELH now down over 9% after weekly put buys early again, but nearing rising 200MA https://t.co/EUK3OdrmFv
$CELH Celsius is a buy here at $67 https://t.co/4crMOerZbc
$CELH in the 67 handle looks like a buyable dip. https://t.co/ILxzPHhDwZ