$MercadoLibre(MELI)$ Got assigned on a put—no big deal. It’s all part of the cycle. Now pivoting to sell covered calls to work the position and recover premium.
$NVIDIA Corp(NVDA)$ is investing $5 billion for a ~4% stake in $Intel(INTC)$ at $23.28/share, signaling a strategic partnership rather than just financial support. The deal includes collaboration on AI infrastructure, custom Intel CPUs for Nvidia, and tighter CPU-GPU integration for future AI PCs. It boosts Intel's credibility and capital at a critical time while giving Nvidia more control over upstream silicon strategy — a notable shift amid growing competition with $Advanced Micro Devices(AMD)$ and reliance on $Taiwan Semiconductor Manufacturing(TSM)$ .
$Coinbase Global, Inc.(COIN)$ would likely benefit from a rate cut as lower interest rates make riskier assets like cryptocurrencies more attractive, potentially driving up demand and prices. This could lead to increased trading activity and revenue for Coinbase. Additionally, rate cuts can boost risk-asset prices, including cryptocurrencies, which Coinbase has a vested interest in.
I don't really know much about charts or support levels. But I'm definitely buying the dip on $NVIDIA(NVDA)$ ! Every time it drops around 10%, I'm buying more. It just hit $165, which is about 10% down from the all-time high of $184 — so I'm in! 🚀
offloaded $Direxion Daily FTSE China Bull 3X Shares(YINN)$ for now. planning to buy back in September's lows. Feeling a bit cautious about the market right now, so I'm taking a break. Anyone else doing the same?
$NVIDIA(NVDA)$ and $Advanced Micro Devices(AMD)$ have reportedly agreed to pay the US government a 15% revenue share on sales of certain AI chips to China. This arrangement allows them to obtain export licenses for their chips, specifically Nvidia's H20 and AMD's MI308, which were developed to comply with US export restrictions. *Key Points:* - *Revenue Share:* Nvidia and AMD will pay 15% of their revenue from sales of these chips to the US government. - *Export Licenses:* The US government has started issuing licenses to Nvidia and AMD, enabling them to sell their chips to China. - *Chip Specifications:* The H20 and MI308 chips are designed to meet US export restrictions while still providing si