NVDA Trends Higher
If it’s not the Fed rate cuts, then it’s NVDA’s tear higher. It’s going to the moon as r/WallStreetBets people would say. The good news is that it’s trading at an all time high and I expect it to break the $700 price level before it takes a breather, but I don’t know. Who really does? NVDA is having a field day because because all the big tech companies (META, MSFT, etc) and anyone else who relies on GPUs for Generative AI is buying their products. The demand in this nacesent but transformative market is like the comet that killed the dinosaur, the world will be radically different once Gen AI is everywhere and in every process. ...