NVDA is less expensive now at $750 than it was a year ago at $200. Remarkable company. Well deserved price and P/E.Eventually the party will end but man it's a monster for now.
Nvidia shares pop 12% after AI-fueled bumper earnings
Nvidia chips are used to train the huge AI models such as those developed by Microsoft and Meta.www.cnbc.com
Looks like it might have some support in this 250-260ish area. A couple of moving averages are there as well. So far they've held. If they were to break then I wouldn't rule out a trip down to the lower 200s.
Not a stock for me but I mentioned earlier that it looked like it's still making lower highs and lower lows. Haven't seen a change in trend yet. It also broke the 200MMA which had been good support for it for most of the last couple decades. The 1 time it did break, it stayed below for 2 years before it retook it. Right now it's been below for about 5-6 months with 1 failed retest. I think this 20-25 area has some support though.
Figured it out. Invest in BYD, communist EV. Tesla does produce majority of their product in China too.
modernity.news
AMD having a good day today because of Nvidia.Meanwhile - aside from Nvidia's overpriced chips (M$ buying AMD at .25 the cost of CoNvidia) Google AI is skimming out the blancos from AI image search. AI is intended as a gov whip, ball and chain
Google’s Gemini AI Blasted For Eliminating White People From Image Searches - modernity
Vikings were black, apparently.
Would you add if it goes lower?
That's interesting. I assume it will dip below $10, but who knows. Perhaps a leap call play to limit risk (Jan 2026?). Let it ride.
Either those or the $15 strike calls. I need to see the volume and open interest on Fidelity. I'll check out everything prior to the end of the day.
www.forbes.com
Yikes, down 15% in extended.
Nvidia vs AMD - hare vs tortise.
www.marketwatch.com
www.thefpsreview.com
What universe are you living in? The numbers don’t lie. Record breaking revenue and profits. A 4 bagger for their stock over the last year. Is Wall St ignorant and you’re the savant? I got rid of a former financial advisor who was a perennial bear for the past 30 years and couldn’t see the forest through the trees. Is NVDA’s price too high? Maybe but the P/L sheet isn’t hype.Nvidia vs AMD - hare vs tortise.
Nvidia always gets out front because it knows how to spin the hype machine for buyers who fall for tech sizzle.
Nvidia's stock went up when it announced "ray tracing" (RTX). Its was supposed to use AI to render visual elements (shadows, reflections, atmospheres) more realistically
2018:
"Nvidia’s stock ends at record high as chip sector extends gains"
"Nvidia Corp. shares closed at a record Monday, leading the chip makers higher, tacking on gains from last week’s rally...Nvidia shares are up nearly 50% for the year.
“As gaming content utilizing ray-tracing capabilities becomes available, we see Turing’s performance potentially more than double that of Pascal. We expect to see games utilizing raytracing in 4Q,”
Nvidia’s stock ends at record high as chip sector extends gains
Nvidia Corp. leads the chip makers higher, tacking on gains from last week’s rally, even as some analysts question whether the sector is living on borrowed...
Then the 2020 reality was that "ray-tracing" was just hype
"Ray tracing was the great hope for Nvidia's current generation of graphics cards, and the main reason given for their high costs. Yet here we are on the dawn of the next-generation, and I'm still waiting for a ray tracing game that I actually give a damn about.... nearly two years after the release of the first RTX-capable card, the insanely expensive Nvidia GeForce RTX 2080 Ti, there still isn't anything that really stands out as a must have ray tracing experience."
Ray tracing has failed to deliver on its promise
If I'd bought a GeForce RTX 2080 Ti, I would be so pissed off right now.www.pcgamer.com
Xbox Boss Admits That Ray Tracing Might Be Overrated, while 8K Is "Years Away"
NVIDIA has been pushing ray tracing as the greatest thing since sliced bread, but the head of Xbox appears to have differing thoughts.
If people want to trade Nvidia there's certainly money around it but dont feel like Nvidia AI is Amazon or Google ready to soar for years on AI. The AI template fits the ray-tracing template. Nvidia is good at that while AMD likes to make good stuff without blowing smoke up people cheeks.
The most brilliant guy in computers is American Kim Keller. He got AMD turned around with Ryzen and did Intel before that. He's worked on Teslas. He makes complex things seem simpler an deeper at the same time
www.zerohedge.com
The problem is EV trucks are tough sell. I do think the R1S and the R2 will save them. But it’s the ramp is costly. They need a sugar daddy or a Cathie Woods to pump their stock.
Agree - although imagine how cool Rivian would be with the Apple insignia on the hood…
I think we need a few trading days to let the dust settle. Will it go under $10? That's a realistic possibility. You are correct, in the long run that company will be massive or a complete bust. This is why I love a leap call trade.
It was an attempt at a joke. REYN is the parent company of Reynolds Wrap i.e. the mainstay of the tinfoil hat wearing sect, conspiracy seekers....
Well, I guess this particular conversation is done. Its impossible to discuss certain things when one is so far down the rabbit hole of conspiracies and cynicism. Perhaps there is another country or location that can alleviate you of all these threats?Numbers lie all the time - especially these days. They get goosed, revised, manipulated so many ways its odd when people still fall for them so hard.
I remember back in 2007 there were "For Sale" signs on every fifth house in my town. People wanted to cash in on the "boom." I knew the music was going to stop playing.
I'm not a bear or a bull on the markets. People can make money in different ways and in good times or bad. I'm more of a meta-historian and a structuralist. I see a current economy that's rigged, goosed and over-exposed. America makes little anymore (including medicine and PPE) and "financialization" of the economy has favored grifters at the top. People acquire assets with securities backed by assets backed by securities backed by assets ad infinitum and who knows who really owns what
The stock "market" isn't even a market anymore. It got converted to a cant fail boomer retirement fund long ago. An old lady cant get interest on her savings account but low/no interest funny money can inflate markets into a bubble that taxpayer funds have to rescue. Its a wealth transfer operation. Socialism for the protected investors and brutal Darwinian capitalism for the people who have to foot the bill.
Currently the market is goosed with "emergency" funds and shadow bank funds. Derivatives are a nightmare waiting to happen. Nothing is reliable is an election year with lying agencies and pols. Of course that doesn't mean a nimble investor cant cash in on the Nvidia hype. Its just pays to know what it is
Warning: The Fed is Juicing the System Via a Back Door Bailout of the Banks | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
"The Problem With Economic Data Is Getting Worse
Data revisions are occasionally so big that they upend our shared understanding of what’s going on
Investors are often wildly overconfident about what’s going to happen. They hope for new technologies that push stock prices to extreme highs or for stories of impending doom that drive them to extreme lows. But even wise investors are prone to buying into narratives about the current state of the economy that turn out to be deeply flawed."
Fake growth numbers paint alternative economic reality
Fake growth numbers paint alternative economic reality
Well, if you believe the reporting coming out of the mainstream financial media, then the economy is going gangbusters. Third quarter GDP came in on Twww.fxstreet.com
Shadow Bank Loans From US Lenders Surpass $1 Trillion in Fed Data
Bloomberg - Are you a robot?
www.bloomberg.com
