Everyone is watching
$NVDA right now. I don’t just care because it’s sitting on the U.S. stock perpetual futures gains leaderboard at
#23 and the trading volume leaderboard at #20. More importantly, attention has already built up first, but the sentiment hasn’t gotten overheated yet. Over the last 24 hours, trading volume reached $5.07M, open interest is 131,967 contracts, and the funding rate is still +0.0000%. I’ll take a closer look at this kind of setup: there’s money coming in and positions are being built, but it’s not in a one-sided chase-the-price state.
I’m moderately bullish, and the reasons aren’t complicated. NVIDIA is still broadly positioned on the main theme of compute power and AI infrastructure. This isn’t a short-term story right now, but a direction that many companies need to keep investing in. As long as the market still believes the “compute investment cycle hasn’t ended,” these core assets are likely to be repeatedly pulled up and traded by capital. Its industry position also isn’t something ordinary hardware companies can compare to. From what I understand, the premium the market gives this company is more about its position within the entire ecosystem—not just whether a single generation of products sells well.
There’s also a detail on the price action. The current price is $207.92, up only +0.29% over 24 hours. The high/low range is $208.47 / $207.23—volatility isn’t big, but both trading and open interest are not low. This kind of movement looks more like capital is first taking a position rather than charging in impulsively on sentiment. I didn’t chase; I’m placing bids around a pullback near $207.30 to test longs with a 3% position size. If it breaks below the intraday low, I’ll exit. As long as the funding rate hasn’t risen, I’m willing to give it some patience.
We also have to put the variables on the table. If the AI trade gets too crowded, valuations get targeted first; also, if in the perpetuals market positions keep increasing but the price can’t push higher, that’s not strength—that suggests someone is supplying from above. In that kind of structure, I wouldn’t stubbornly hold.
For this trade, I’m treating it as a high-attention asset with fundamental support, not as a pure sentiment stock. If I’m wrong, I’ll cut small and leave; if the structure is still there, I’ll let the “bullets” fly for a bit.
$NVDA #US stocks
If you can’t handle it, don’t get on the train. Anyway, I’m also here with experience that came from losing money.