I am LONG on NVDA longterm , however with earnings approaching investors in the near term must be smoking peace pipe of Hopium! lets examine NVDA's end markets......Gaming is in the crapper as they furiously attempt to ditch inventory at Cut Rate Prices.......Krapto Currencies and mining for them In The CRAPPER.....High end Chips to China Limited by regulation! So they'll beat earnings estimates HOW??? This is a stock that assuming they were to meet expectations would be trading at 45 times forward in a market currently at 17!! Thursday the FED will once again employ the Post CPI Smackdown ......I Like NVDA in Nov' 23 and beyond!$NVIDIA Corp(NVDA)$
Comments