If it goes on like this for a month, there will be nothing left from market and we can officially announce that we made America great again.
Yep.. crazy. AMBA was trading at 85 after hours yesterday. I then listened to the cc and they mentioned slightly lower earnings during the second half. I then waived goodbye to AMBA. NVDA does have a lot if insititutional support but who knows how low it can go.
Market's problem is not NVDA. They want to blame NVDA though. Market problem is uncertainity created by the new adminstration. NVDA will go down but the company is doing great.
Has more to do with the economic numbers being weak for the past month combined with the fed not wanting to lower rates( yet ) with some inflationary issues. If anything, Trump is pro business and ultimately very good for the economy. Had we not elected Trump, no one would of ever uncovered all the waste and fraud in government especially what DOGE has done for us. For NVDA, it may be as good as it gets for now.
So after 4 years, if I look at the yearly budget deficit chart, I should see them substantially lower than before with all the HUGE frauds that DOGE is finding. Also Trump also has fixed many things in economy and general population would be in better shape by then right?
It didn't bother you that we had all the waste and fraud DOGE uncovered or the 2 billion the epa uncovered that went to Stacy abrams? Without Trump, none of it would of been uncovered. All the illegals pouring into our country didn't bother you?
NVDA seems to of found some support Friday; resistance at the 26.50-27 area. Have to wonder if institutions start selling on any strength.