Come on, friends! Today's move means nothing terrible. It's quite possible that NVDA will stay the best-performing stock in 2017.
When people are cheerleading stocks like this, accompanied by a parabolic move, it usually signifies that the end is coming near.
only 2 days were left in 2016 that longs wanted to move capital gains tax to 2017 filing but left ruined it. Depends on patience here
HAPPY NEW YEAR NVDA! 2017 will be a spectacular year for new and emerging NVDA technology in Auto, VR, AI, Gaming, and other areas. CES is starting next week! I can't wait. Expect BREAKING NEWS from NVDA on auto's. This was the HOTTEST stock of the S&P 500 and it has run up very nicely. This is early innings for NVDA and this company is poised to exploit many emerging technologies with heavy demand for graphics processing power for Auto's, eSports, AI, VR, Gaming with many of these sectors becoming billion dollar revenue streams. I think the citron guy is full of crap about his evaluation of NVDA and is manipulating NVDA due to his excessive short losses. He said on CNBC that he went short yesterday. I hope his bs is challenged, he is just another jamook that was too stupid to buy at $90 and now wants a return to that price so he can add shares and cover his short losses. Shortie attacks NVDA Gaming opportunities but is quite wrong in his analysis. Gaming has been the solid bread and butter of Nvidia. It has been for a long time and NVDA is a clear leader. EVERYONE serious about gaming wants NVDA graphics cards and chips. Gaming is NOT stagnating as the short claims, it is growing and will be as large as competitive sports such as NFL, NBA, NHL, MLB,. ESPN is covering eSports which has been taking off and MILLIONS are being played for. The growth for new gaming cards for pc's and virtual reality and home pc gaming is expected to grow quite nicely according to the CEO. Virtual Reality and AI is taking off and that will create a large demand for graphics processing power and a company that can meet that demand. So NVDA will do well here and is a clear leader and has a solid revenue stream. Auto sector is just getting started and Nvidia is selling its DrivePX2 to Tesla. I watched the 6 o clock news on NBC last night and a guy in Norway and his family are alive because of the autopilot on his Tesla stopping his car, that was Nvidia drive px. THIS is AI, this is GRAPHICS processing power which works great at doing the tasks necessary for an auto to navigate roads. The DrivePX2 works and other auto manufacturers will need to compete with Tesla. Expect Audi, Mercedes, Lexus, and all other auto manufacturers to compete and add self driving technology. This is not far from being implemented and more and more self assist and self driving cars on the road.
I was definitely going to make a bearish earnings play at 120 but now this rapid movement is creating nice premiums? Anyone think collecting $14 for a Feb 10 105 straddle seem safe assuming a new range of 90 (Citron) and 120 (recent high)?
The short guy attacked Data Center NVDA has been chipping away at Intel in data center and growing its presence in the area eroding Intel's market share with big gains and growth. GPU is doing more and more and NVDA is kicking some Intel butt in Data Center growth. He went after AI and babbled about AI and said the stock isn't worth what it was trading at because NVDA isn't in control of AI and may face competition? No kidding. NVDA is developing AI technology like drive px and deep learning and using GPU to do the work. This short sucker is losing money and desperate and is wishing and hoping for $90. I hope his shorts gets crushed when NVDA starts buying their stock next week with a huge share buy back and CES breaking news on auto's, starts a new stock run up, AUDI and MERCEDES next week would be nice but you know it is coming any day and this stock is going to run up on the next leg up. $100-105 is SOLID support. This stock is going to rally with CES starting next week and earnings a few weeks away which will be great again. BUY and HOLD ACCUMULATE shares into any selling. 2017 will be very nice for NVDA.
CES starts next week and earnings are coming out that once again will be strong. $2 Billion+. BUY NVDA now there is way too much support above $100. I bet NVDA bounces next week from CES and tehn makes a nice up move for earnings in a few weeks and before that I bet they sign Audi or Mercedes, or Lexus, or all of them and a few more to DRIVE PX2 sales. Then there's everything else NVDA will be selling and generating growing revenue from. GPU demand is growing very strong in 2017. EOY NVDA WILL be higher than today. SOme short seller says to sell so he can get out of his losing short position and back in at $90, Yeah I don't see that happening for to long. Goldman says $129+ in 2017......believe it. $110 will look cheap EOY>
Here is the NBC news article and video of NVIDIA Drive PX2 avoiding a roll over accident for a Tesla driver. NVIDIA Self Driving car technology is here and on the roads. I expect Nvidia will sell a whole bunch of Drive PX2 2017 to other auto manufacturers playing catch up to Tesla. CES will show the world what Nvidia technology can do. http://www.nbcnews.com/tech/tech-news/tesla-autopilot-begins-braking-wreck-driver-n700941