Political risk is always the biggest factor affecting the market. Nvidia may be in trouble this time.
Last Thursday, $NVDA closed at 181.60, down 9.26% for the day. Its market cap fell by more than $440 billion, and its gains for the year were wiped out, turning negative. On Friday, it opened higher at 191.10, reached an intraday high of 194.90, and closed at 186.64, up just 2.78%.
The fundamentals are actually not bad: revenue last quarter was $96.2 billion, double the year-ago figure; data center revenue was $89 billion, up 117% year over year.
The key issue is that before November 11, Jensen Huang must respond to whether he can attend a closed-door joint briefing involving his contacts with Alice Huang, an executive at Singaporean cloud company Megaspeed. Put simply, Huang is suspected of leaking confidential information.
Nvidia is going through a turbulent period, so be cautious about buying the dip. My choice is to open a short position first and see what happens.
Last Thursday, $NVDA closed at 181.60, down 9.26% for the day. Its market cap fell by more than $440 billion, and its gains for the year were wiped out, turning negative. On Friday, it opened higher at 191.10, reached an intraday high of 194.90, and closed at 186.64, up just 2.78%.
The fundamentals are actually not bad: revenue last quarter was $96.2 billion, double the year-ago figure; data center revenue was $89 billion, up 117% year over year.
The key issue is that before November 11, Jensen Huang must respond to whether he can attend a closed-door joint briefing involving his contacts with Alice Huang, an executive at Singaporean cloud company Megaspeed. Put simply, Huang is suspected of leaking confidential information.
Nvidia is going through a turbulent period, so be cautious about buying the dip. My choice is to open a short position first and see what happens.