Jin Zhu’s take: CZ says Nvidia was wrong to let Jensen Huang go. The market voted too, in a way, overnight. I’m bullish on $NVDA , but I wouldn’t chase at the current price.
Nvidia officially announced yesterday that Jensen Huang had stepped down as CEO and director, with CFO Kress taking over on an interim basis. The earnings report on 11/17 will be released as scheduled.
After the news, Binance NVDAUSDT perpetuals plunged to a low of 149.22. That was around the time CZ posted, and the price has since recovered to around 166.
My view: what fell was sentiment over “him leaving”; what hasn’t changed is the orders and roadmap. The company’s official statement said its business and customer commitments are unaffected. But with an interim CEO and earnings next week, volatility isn’t over yet.
Plan: buy in small batches on a pullback to around 161 (the 24-hour average traded price). Get out if it breaks below the panic low of 149; add if it holds above 170.
With Jensen Huang gone and earnings next week, how will you manage your position in $NVDA ?
#英伟达 #NVDA #黄仁勋 #CZ
Source: Nvidia press release, CZ’s X post, and Binance NVDAUSDT futures market data. Not investment advice. DYOR.
Nvidia officially announced yesterday that Jensen Huang had stepped down as CEO and director, with CFO Kress taking over on an interim basis. The earnings report on 11/17 will be released as scheduled.
After the news, Binance NVDAUSDT perpetuals plunged to a low of 149.22. That was around the time CZ posted, and the price has since recovered to around 166.
My view: what fell was sentiment over “him leaving”; what hasn’t changed is the orders and roadmap. The company’s official statement said its business and customer commitments are unaffected. But with an interim CEO and earnings next week, volatility isn’t over yet.
Plan: buy in small batches on a pullback to around 161 (the 24-hour average traded price). Get out if it breaks below the panic low of 149; add if it holds above 170.
With Jensen Huang gone and earnings next week, how will you manage your position in $NVDA ?
#英伟达 #NVDA #黄仁勋 #CZ
Source: Nvidia press release, CZ’s X post, and Binance NVDAUSDT futures market data. Not investment advice. DYOR.
