Here's the thing folks... Despite what everyone and their brother, sister, mom, next door neighbor etc say... NVDA is NOT the backbone of this market. Who gives a f if they don't dazzle the sheep? It's one company. Their chips are beast. If Meta, Google, and all the rest over-payed... oh well. They still have the goods and it is already priced into their stocks. I hope the Naz crashes tomorrow night. Because regardless if NVDA bounces... or goes to $94... the rest of these companies WILL bounce. You can mark the post. ~vz
Going to be a party which ever way it moves. Feels like right now it's a pivitol moment in that after a handful days of weakness nvda would be the shining light to at least prop the nasdaq back up for a day or 2. .. as I said last year law of large numbers are now the Achilles heal for what nvda once was ... Imagine 94, how many hundreds of billions would that wipe off the market cap. I'm sure under 100 would bring in buyers but even the most bearish would never believe nvda to 94 tomorrow after the close. But you never know........
Just to make it clear... It's what their chips do that matters. Not their stock price. If China can build a Blackwell for 1/10th the price, so be it. All that much better for the late-comers. We are at the tip of the iceberg. And that iceberg is not about NVDA. It's about what they have built and the downstream winners. NVDA could go to $50. And yes, early on it will pummel a ton of etf's. But make no mistake, companies that know how to use their wares (or the China knock-offs) in the right niches, are gonna grow and grow and grow. NVDA might as well be Intel in 1985 as far as the bigger picture is concerned. If they go up, good... but see them for what they are. They invented fire. But they no longer own it. The next real winners are the one's that are inventing the gas stoves.
Last earnings it didn’t move. Last 4 earnings average move is 8%. That’s what the option market is pricing. Not sure it’s gonna move through 110-140. Been there for 9 months. They’ve never missed EPS / Revenue for 2 yrs. Anyway the forward guidance is what’s going to matter. Jensen himself is bullish (IMO). I am not touching NVDA currently.
LOL so far NVDA up (from yesterday's close), NDX down. Now if topic was about TSLA, that is a whole other story - down almost another -4% currently.