5 best Daily Charts and Insights: GPUs are melting
1. Retail activity
$Robinhood(HOOD)$ traders apparently felt fine fighting the Fed by buying the dip: net daily purchases of single stocks [on Tuesday] were the third highest on record, trailing only June 12 (#1, $SpaceX(SPCX)$ 's IPO) and September 23 (#2).
2. SPY 200DMA
Th $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ could spend the next 69 trading sessions going sideways between $730 and $780, and its 200-day moving average would keep rising every day.
Even if every close was at the bottom of that range.
3. AI spend
AI spending rose to a new peak in October, rising 1.65% from September.
Spend also increased among the top 1% of spenders.
The top 1% of firms now spend a median $10.2K per employee per month on AI, up 9%. Firms in the top 10% spent $801, roughly flat.
The median firm spends $16.32, up $0.93.
4. GPU rental prices
GPUs are melting.
On-demand $NVIDIA(NVDA)$ B200 index rose 1.9% to a new high of $6.97 on Nov 10 and H100 1.7% to a new high of $3.06; B300 ($7.68), H200 ($3.48) and A100 ($1.59) were unchanged, but hovered near ATHs and poised to follow.
Recent price surges point to a clear demand inflection.
5. Hot Seat: Jensen Huang
Prediction market odds of Huang resigning or being removed as NVIDIA CEO have spiked after WSJ broke news of a second affair after-hours.
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