$SPDR S&P 500 ETF Trust(SPY)$ 741 calls are up 1000% from the morning lows. But let me guess, the next line is “there’s no way to beat the machine”? Or maybe I’m just making it all up… hah. Gotta go with the flow, folks.
OMG. $NVIDIA(NVDA)$ crushed it again, beating both top and bottom lines by over $2 billion. Guidance is in the $90+ billion range. This is even more evidence that AI and advanced memory and storage are no longer cyclical. $Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ could go parabolic.
$Cerebras Systems(CBRS)$ A report indicates that the newly public AI chip developer CBRS will receive fast-track inclusion on the S&P Dow Jones Indices. This means it will be added to a wide range of funds and ETFs. That kind of passive inflow alone should drive the price higher.
$SanDisk Corp.(SNDK)$ I was expecting this dip. But maybe give it some time to watch before MU's upcoming earnings release. I think it could also go vertical towards $2000.