$SMCI 20240927 425.0 CALL$ Despite the bad news SMCI can still manage to closed on Friday with a 4.5% gain. Key resistance level is back at 430 with support at 390
$SMCI 20240927 490.0 CALL$ Because of DOJ probe, stock crashed and hit my TP.. Might wait out on this due to class action lawsuit and DOJ probe. Next support level is around 360
$NVIDIA Corp(NVDA)$ Demand of chips remains high. NVDA is bullish largely due to its dominant position in the AI and graphics processing markets. The company's GPUs are essential for AI training and inference, and its advancements in AI technologies, such as CUDA and Tensor cores, have cemented its role as a leader in the sector. Additionally, the expanding demand for high-performance computing and gaming continues to drive revenue growth. NVIDIA's strategic investments in data centers and AI-driven applications further position it favorably for future growth, making it optimistic about its long-term prospects.