$MercadoLibre(MELI)$ 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! 🚀