The interesting thing about Nvidia right now is that the AI business story and the company leadership story are moving in completely different directions.
CoreWeave just reported a massive quarter. Revenue jumped 168% to $3.66B, while its revenue backlog reached $132.5B. The company also raised its full-year revenue outlook to $13B–$13.3B.
For me, that's an important signal. Demand for AI infrastructure is still growing, and companies building data centers continue to commit huge amounts of capital. That's positive for the wider chip industry.
But Nvidia has another problem.
Shares initially recovered as CoreWeave's results lifted sentiment across AI stocks. Then reports about the board potentially removing Jensen Huang triggered a sharp after-hours sell-off. The market is now dealing with business optimism and leadership uncertainty at the same time.
I wouldn't rush to buy this dip just because Nvidia looks cheaper after the drop.
The stock closed regular trading around $173.73 before falling toward $160.50 after hours. I'd rather watch whether buyers can reclaim the $165–$168 area.
My trade idea is a short if price bounces into that zone and gets rejected.
Entry: $165–$168 after rejection
TP: $160 / $155
SL: $172
If $NVDAB reclaims $172 and holds above it, I'll drop the short idea
The AI growth story hasn't disappeared, but right now I want to see how the market handles the leadership uncertainty before taking a bullish position
CoreWeave just reported a massive quarter. Revenue jumped 168% to $3.66B, while its revenue backlog reached $132.5B. The company also raised its full-year revenue outlook to $13B–$13.3B.
For me, that's an important signal. Demand for AI infrastructure is still growing, and companies building data centers continue to commit huge amounts of capital. That's positive for the wider chip industry.
But Nvidia has another problem.
Shares initially recovered as CoreWeave's results lifted sentiment across AI stocks. Then reports about the board potentially removing Jensen Huang triggered a sharp after-hours sell-off. The market is now dealing with business optimism and leadership uncertainty at the same time.
I wouldn't rush to buy this dip just because Nvidia looks cheaper after the drop.
The stock closed regular trading around $173.73 before falling toward $160.50 after hours. I'd rather watch whether buyers can reclaim the $165–$168 area.
My trade idea is a short if price bounces into that zone and gets rejected.
Entry: $165–$168 after rejection
TP: $160 / $155
SL: $172
If $NVDAB reclaims $172 and holds above it, I'll drop the short idea
The AI growth story hasn't disappeared, but right now I want to see how the market handles the leadership uncertainty before taking a bullish position
