Few more hours Nasdaq 16800 is not out of question if nvda misses. Will make August 5th look like it didn't even happen
If NVDA misses everyone and their mother would be tripping over themselves along with CTAs and heggies to buy because its so cheap now and the stock would end up being +20% on close
Yea they will just buy it back up like last time. Good point. Nasdaq will drop 4% and rally back to even by Friday! Free money if nvda misses earnings or beats. Best markets ever...
V bottom + V bottom + V bottom another day......... another gap up............. another day......... another gap up so easy $$$
It looks like the hyper growth at nVidia has ended. It will likely resume if there are real applications like Palantir or Salesforce has rolled out. It is an iterative process. If I remember correctly Cisco had multiple 30% drawdowns in the late 1990s optical networking boom. Of course they had a lot more competition than nVidia ever had. Supposedly the next generation card is 20X as fast but it won't be rolled out until 2025 Q1. The reversal today on the NQ seems to indicate tech stocks are still driven by nVidia stock. Even the YM lost a lot of momentum at the end of the day.