You were saying?
Touched 1075 ....
I'm sure it will be back at 1000 next week after nvda earnings
You were saying?
Valuations haven't mattered in a long time. If it can't fall, which it absolutely can't then it will just keep getting bid higher. Look at today again, they rush in to buy every dip. It's a V machine and that is never ending.Qqq at 600-700. Let me guess the magnificent 7 and other high tech flying stocks are going to have to keep their magical momentum going...
If I had to take a guess.
Qqq at 700. .trading at 434.
You are saying absolutely no pull back just a straight line up!
Combined market cap of the magnificent 7 are just about 13 trillion today If you think qqq at 700 then the Combined market cap of these companies at qqq 700 would be north off 25 trillion which means these companies would be worth over 90% of the US gdp
Imagine the law of large numbers then. Every earnings quarter after quarter after quarter would have to be literally off the charts to keep investors piling in day after day after day
...It's a V machine and that is never ending.
I don't need to show anything to prove to a random person on the internet.
I don't have an agenda. I'm just here to talk about the reality that this market will never stay down or have any type of real correction no matter what. Look at today. Same story, same V. Market can't be defeated no matter what. Nothing matters. It will be back at ATH.
When SMCI hit $510 the CEO increased guidance 40% so it has a decent value of $700. Unless NVDA tanks tomorrow it probably goes back up towards $1078.
In the $310 to $1078 run it seemed to be leveraged 3:1 to NVDA's stock. It closed today in the after hours at $799 but things can change quickly in the morning.
Complete opposite. It drops a little and then always gets saved with some magical V. This market is unbelievable. Literally every time it's on the verge of dropping gets saved and instantly just explodes higher and is back in no time.Last 4 trading days are just a sample of what happens when tech fails and nvda sinks along with the rest of the semis and ai hypes.... markets have zero progress without tech.
SMCI is an OK company that has been just pumped beyond reality, but this market is committed to never dropping ever. Even a few days an then instant V. I just don't see how this ever stops. Every time it's even red is a complete miracle and a gift of a lifetime and so unsustainable.When SMCI hit $510 the CEO increased guidance 40% so it has a decent value of $700. Unless NVDA tanks tomorrow it probably goes back up towards $1078.
In the $310 to $1078 run it seemed to be leveraged 3:1 to NVDA's stock. It closed today in the after hours at $799 but things can change quickly in the morning.