$NVIDIA Corp(NVDA)$ The gold standard of AI, hands down unrivaled. took some profits and willing to enter again on retracement. A win is a win only if you have taken profits! Would also look at other parts of the value chain e.g. $Micron Technology(MU)$ in which memory will be the next bottleneck for these high end chips. Be wary of datacentre plays e.g. $SUPER MICRO COMPUTER INC(SMCI)$ since there are others $Dell Technologies Inc.(DELL)$ $Hewlett Packard Enterprise(HPE)$ that also want a piece of the pie. Not financial advice.
Winning Trades
Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
To follow up my previous post on $NVIDIA Corp(NVDA)$ the stock sold off as expected. Primarily due to Q2 closing and lack of news. CEO's sale of shares is an excuse to take profits, given it is immaterial if you compare to market cap. Congratulations to those who took some profits at recent highs at the USD140 handle. Nothing drastic on the stock story and the future still holds. Since it is impossible to call how low it will retrace to, I'm watching fibonacci levels at ~USD115, ~USD108, ~USD100 to add in stages. The buy on dip will be very quick, and market participants recently seem to buy ahead of news (having a base case of meeting expectations an guidances). Not financial advice.$NVIDIA Corp(NVDA)$