Update: Overnight market open Nvda adds $42 billion in market capitalization in 7 minutes An entire yum brands !!!
The ride up has been fun. However, I'm more concerned with how to master the ride-down. Timing is always hard!
As I keep saying law of large numbers will eventually work against.nvda and this article is one of the reasons why.... Nvidia needs to grow by 70% a year to support its stock price https://www.marketwatch.com/story/n...or-the-stock-to-keep-up-its-momentum-69120558
Since you believe it is "overpriced" you should sell everything and short NVDA with both fists. nVidia is a monopoly with their nearest competitor (AMD) 2-3 years away from anything even close. Before nVidia there were no graphics cards. They are the market. Good luck with your short.
Very expensive to short, is the PROBLEM. The market already KNOWS what happens when euphoria runs out of steam. The PUTs are very expensive now. There is no such thing as a free lunch.
calls are also very expensive... . Everything on this stock is at an extreme high premium....calls and puts
Keep juicing it up. Only way to keep the markets at Highs and juiced is to keep reiterating the same news on the heavy weighted tech stocks over and over again.. Nvidia can rally another 30% because of its ‘multi-year lead’ in AI chips, Bank of America says PUBLISHED WED, JUN 5 20249:25 AM EDTUPDATED 37 MIN AGO Samantha Subin@SAMANTHA_SUBIN WATCH LIVE