Quanta Services Inc

NVDA is in a Stage 4 decline with a bearish medium-term bias confirmed by a support failure and ongoing lower highs/lower lows. Price trades below the declining 9, 20, and 50 EMAs with no clear exhaustion despite extreme oversold readings, so immediate selling into rallies at those EMA resistance zones is recommended.

• ↑Record $48.5B backlog fueled by utility modernization & AI demand.
• ↑FY25 revenue rose 20% to $28.5B; adjusted EPS +20%.
• ↓Forward P/E at 89.5x vs. industry 42.1x signals overvaluation.