After the open: Nvidia hit $148.8 in the first 15 minutes, down 14.4%, and is now at $165, ~11% off the low.
→ Rivals have rallied for 5 straight sessions: AMD +45%, Broadcom +25%, while Nvidia is −9% over the same stretch
→ The market expects the share Nvidia loses to shift to them, and the Nasdaq 100 has turned positive from −1.5%
I think Nvidia's slide is helping its rivals, but this rally depends on Nvidia's weakness.
Worst case: if Nvidia recovers, the rally in AMD and Broadcom gets given back too; I'm on my screen until the close.
#Stocks #AI #Semiconductors
Watching: $NVDA $AMD $AVGO
→ Rivals have rallied for 5 straight sessions: AMD +45%, Broadcom +25%, while Nvidia is −9% over the same stretch
→ The market expects the share Nvidia loses to shift to them, and the Nasdaq 100 has turned positive from −1.5%
I think Nvidia's slide is helping its rivals, but this rally depends on Nvidia's weakness.
Worst case: if Nvidia recovers, the rally in AMD and Broadcom gets given back too; I'm on my screen until the close.
#Stocks #AI #Semiconductors
Watching: $NVDA $AMD $AVGO
