$NVDA took a pretty hard tumble, while $AMD and $AVGO ate well.
After-hours trading just acted this out: the WSJ says the company’s board is preparing to replace Jensen Huang, with a meeting to decide his fate possibly happening as soon as tonight.
It fell 8% after hours, breaking below 160, while the other two rose 3.9% and 2.4%, respectively.
Looks to me like the money hasn’t left at all—it’s just switched seats.
The market had been signaling this for a week: one of them is up 24% this week. CNBC’s Investing Club also cut its old position and rotated into something else today, taking the loss on the old stock.
At this point, it’s not that there’s no money around; the money is just picking its seats.
After-hours trading just acted this out: the WSJ says the company’s board is preparing to replace Jensen Huang, with a meeting to decide his fate possibly happening as soon as tonight.
It fell 8% after hours, breaking below 160, while the other two rose 3.9% and 2.4%, respectively.
Looks to me like the money hasn’t left at all—it’s just switched seats.
The market had been signaling this for a week: one of them is up 24% this week. CNBC’s Investing Club also cut its old position and rotated into something else today, taking the loss on the old stock.
At this point, it’s not that there’s no money around; the money is just picking its seats.