Looks like players sold out of Semiconductors and went short at Direxion..?

[mervyn]

And that is exactly why these companies can make wild profits. If all - or at least the bigger part - companies have to adapt their it structure, think of all the demand that will generate. Also all the demand for people to implement it in the organisational structure. That's where you have to place your bets. The middleman, again.

Imho

No, NVDA makes reasonable profits, unlike software companies, it costs money to make prodcuts. And the demands are not from NVDA itself, they are from its customers, like MSFT GOOGL, AMZN etc. It probabaly has pricing power, instead of $4k a card, it can sell $40k a card.


NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter.

https://www.macrotrends.net/stocks/charts/NVDA/nvidia/revenue

 

[KCalhoun]

Nvda gap up was wtf

 

[TrailerParkTed]

Nvda gap up was wtf

Ken you are a teacher and you teach the Market can remain irrational longer than we can remain solvent, Right?

nvda $400 now?

 

[mervyn]

out 500 at 12.12, +2.3%

 

[KCalhoun]

Ken you are a teacher and you teach the Market can remain irrational longer than we can remain solvent, Right?

nvda $400 now?

NVDA 386, drops like rock, my long SOXS nailed it.


Will continue to aggro buy soxs as long as the b@tch runs

https://www.cnbc.com/quotes/SOXS

Bwaha. Market genius at work lol

 

[murray t turtle]

AI is a pie in the sky, any 50 cents to 1 buck bounce would be exiting. Folks like a narrative and a good story to tell, to convert that to a cash flow would take a while.

%%
LOL i like pie+ sky + some times watermelon;
$0.50 makes more sense on soxl or soxs than qqq+ related .
QQQ A1 uptrend looks more real+ intelligent than artificial . Those may give more bang for the buck LOL

 

[TrailerParkTed]

NVDA 386, drops like rock, my long SOXS nailed it.


Will continue to aggro buy soxs as long as the b@tch runs

https://www.cnbc.com/quotes/SOXS

Bwaha. Market genius at work lol

I don’t like riding my shorts up. It was $420(Nvda).

I bought over 100 AAP $75 puts, starting in the $80s, it hit $72.65. Go with the flow. 3x plus on some. Happy your trade worked out.

 

[murray t turtle]

I don’t like riding my shorts up. It was $420(Nvda).

Happy your trade worked out.

%%
SAME here/ even more so when its a top trender on upside for many years like NVDA\LOL.Even more so when its rated #1 in sector. Even more so when some weaker short sectors may make more money. Not a prediction + not a budget hater.