Nvidia briefly fell nearly 9% at the open, while the chip ETF gained 6.8%—the market is punishing one person, not the chips.
$NVDA is now around $177, down about 5%, versus Friday’s close of $186.64. It plunged as low as $170.24 at the open, down 8.8%, before bouncing back to around $179. At the same time, $AMD was at $503.66, up 12.2%; Oppenheimer upgraded it straight to Outperform with a $600 price target. AVGO rose 8.6% to $318.85, and SOXX gained 6.8%. On Sunday, the board announced an independent investigation into reports that foreign intelligence had targeted Jensen Huang, saying there was currently no reason to believe confidential information had been leaked. The next major catalysts are the November 17 earnings report and the November 18 closed-door congressional briefing.
First principles: money hasn't left chips; it's just moved to a different seat within the sector. The governance discount is being applied to one person, not to AI capital expenditure. Money flowing out of NVDA is going straight into AMD and AVGO—the same money, just with a different name.
But crypto hasn't gotten a penny of that. U.S. stocks are surging and chips are celebrating, while $BTC is still at $74,556, below 75,718. The intraday high was $75,970, and the 75,718 level was tested back and forth several times today. The price is still below it. Stocks up, crypto flat—we wrote about this last Friday, and today it's exactly the same story.
My stance: maintain a bearish bias on $BTC . No dip-buying, no chasing shorts. I'll watch the NVDA drama from the sidelines and wait for the earnings report and investigation updates. The invalidation conditions are set in stone and based on daily closes: if $BTC closes back above 75,718 on the daily chart, I'll admit I'm wrong and switch to a neutral stance; if it closes below 73,150, the bearish bias strengthens.
If investors can switch seats within the chip sector, when will crypto get a seat of its own? CPI is tomorrow night at 21:30—which side are you on?
This is not investment advice.
#NVDA #芯片 #BTC #CPI
$NVDA is now around $177, down about 5%, versus Friday’s close of $186.64. It plunged as low as $170.24 at the open, down 8.8%, before bouncing back to around $179. At the same time, $AMD was at $503.66, up 12.2%; Oppenheimer upgraded it straight to Outperform with a $600 price target. AVGO rose 8.6% to $318.85, and SOXX gained 6.8%. On Sunday, the board announced an independent investigation into reports that foreign intelligence had targeted Jensen Huang, saying there was currently no reason to believe confidential information had been leaked. The next major catalysts are the November 17 earnings report and the November 18 closed-door congressional briefing.
First principles: money hasn't left chips; it's just moved to a different seat within the sector. The governance discount is being applied to one person, not to AI capital expenditure. Money flowing out of NVDA is going straight into AMD and AVGO—the same money, just with a different name.
But crypto hasn't gotten a penny of that. U.S. stocks are surging and chips are celebrating, while $BTC is still at $74,556, below 75,718. The intraday high was $75,970, and the 75,718 level was tested back and forth several times today. The price is still below it. Stocks up, crypto flat—we wrote about this last Friday, and today it's exactly the same story.
My stance: maintain a bearish bias on $BTC . No dip-buying, no chasing shorts. I'll watch the NVDA drama from the sidelines and wait for the earnings report and investigation updates. The invalidation conditions are set in stone and based on daily closes: if $BTC closes back above 75,718 on the daily chart, I'll admit I'm wrong and switch to a neutral stance; if it closes below 73,150, the bearish bias strengthens.
If investors can switch seats within the chip sector, when will crypto get a seat of its own? CPI is tomorrow night at 21:30—which side are you on?
This is not investment advice.
#NVDA #芯片 #BTC #CPI