NVIDIA is shining high with all the support from govt to bump up stock markets . This is the new Tesla but we all know what happened to Tesla and Musk. Until they find a new toy , PLAY is on !! We never know when the game stops !!
This would go as reset of what world order of trade used to be for decades . Lots of casualties for smaller countries and export dependent nations . For US, it would be a turning point in longer term
Hype around NVIDIA never stops. All reports and analysts are guessing the future which is not seen . AI adoption is going to be a Big Bubble . Investors should not chase insane valued stocks
$(.IXIC)$ Overbought levels and high forward valuations . Higher interest rates are here for longer. FED clearly saying one cut at the most by year end. With elections looming, Mr.Market can get highly volatile with downward pressure .
Hype has started busting. There is no real monetary gains from actual AI applications yet other than hyped chip manufacturers getting orders to build AI chips. OpenAI hype ended with ChatGPT and none talks much about that these days. So none knows what the actual AI Biggest game changer application and how much revenue /profits it might generate. Suggest to stay away from market as this is election year and anything can change!!
Super Micro Computer Stock Tanked Friday. Is It Time to Sell?
Whatever the Technicals it may be, current situation on world is extremely fragile with long ward, high oil prices, soaring inflation and hence higher interest rates. All $NASDAQ tech stocks would be under selling pressure for a good bottom. Dont try to dip buy as this time none knows bottom. Let the dust get settled first