NVDA Goes Boom!

I’ve been busy with work and life lately so I haven’t had a lot of time to write and trade. Yesterday I went long NVDA again because it made a new all-time high.

NVDA earnings beat expectations all around and they raised guidance for the next quarter. Then they announced a 10:1 stock split. All signs keep pointing to this stock going higher. My guess and this is only a guess, is that it will reach near $1100 before splitting and then go back to the $300 to $400 range pronto.

Of course, all this could go tits up but that’s life in the fast technology lane.