To The Moon

🌟🌟🌟📮📮📮The CSI 300 closed up 1.35% on Wednesday, putting it 0.8% higher on the year. This is the first time it has been in the green since the start of 2024. Has China's stock market turned a corner? China's major banks recently reduced the 5 year loan prime rate, a benchmark for home loans to a new low of 3.95% from 4.2% previously. This is the largest cut since the rate was introduced 5 years ago and a much bigger reduction than the economists had expected. This cut should provide some support to boost the housing market. Michael Burry of the Big Short Fame just went all in on Alibaba and JD.com, making these stocks his biggest holdings. He said the time to buy China is now. Ray Dalio has also bought iShares MSCI China ETF worth USD 76.8 million.

$NVIDIA Corp(NVDA)$ NVDIA is a long term hold for me. My target price is about $1200. Their earnings shown a growth of about 8%. However, Nvidia is making a China Complaint chip for the China Market that is said to launch this year, I can only see more growth ahead unless there's a change in future news. I will continue to sell calls and puts to optimise RoR. Their graphics and data center side still strong as usual. I was expecting a +-15% change after earnings report and its currently up 8% after market, It's a good report and I'll get to keep the premiums from my strangle. Wouldn't mind buying more at 545 or selling at 940 (highly unlikely by this week). $NVDA STRANGLE 240223 PUT 545.0/CALL 940.

As we stand at the forefront of the digital age, the pervasive influence of Artificial Intelligence (AI) continues to mold various industries, reshaping our interaction with technology. The lingering question in many minds is whether the fervor surrounding AI will endure or gradually taper off in the coming year. AI has recently seized immense attention, fueled by promises of groundbreaking advancements, transformative capabilities, and unparalleled efficiencies. Buzzwords like machine learning, natural language processing, and neural networks dominate discussions about the future. However, as the initial excitement settles, a critical evaluation of AI's developmental trajectory is warranted. The ongoing enthusiasm finds its roots in the increasing integration of AI into everyday applicati

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