Lanceljx
08-28 11:08

My pick is Nvidia. Thursday finally broke its four-quarter post-earnings losing streak, with NVDA +8.74%, backed by revenue more than doubling YoY and a supply-constrained FY28 outlook. That looks more durable than simply catching a sector re-rating.


Software is the more interesting tactical trade. Salesforce +22.58%, CrowdStrike +20.50% and Okta +28.63% showed that AI may expand enterprise software demand rather than destroy SaaS. Salesforce’s AI-related ARR reached $3.9bn, while CrowdStrike is seeing AI expand both cyber threats and security spending.


But after 20–29% one-day gaps, I would not chase immediately.


So: NVDA for conviction, software on a pullback, and Intel/Broadcom only as secondary catch-up trades. The key question now is whether software can hold Thursday’s gains once the earnings excitement fades.

Nvidia Leads AI Surge — Did the Entire Rally Recover in One Day?
Thursday's AI rally was broad, and software led it, not Nvidia. Nvidia rose 8.74% — breaking a four-quarter streak of falling the day after earnings — while Okta gained 28.63%, Salesforce 22.58%, CrowdStrike 20.50%, ServiceNow 10.04%. The common thread: fresh results and no bill of materials, which makes Nvidia's 71–72% Q4 margin trough on memory costs irrelevant to them. Laggards caught a bid too: Intel +4.36%, Broadcom +4.49%. The risk is that these are earnings-day gaps in names already bid up on M&A talk. Nvidia, the software trio, or the laggards?
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Comments

  • glimmero
    08-28 11:52
    glimmero
    500 was the real line. That volume expansion matters more than the story, and 480 is still the spot bulls cannot lose.
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