My view on Nvidia hasn’t changed. Yesterday during the day, we said it might be worth taking a shot at a short-term rebound around 150. After the U.S. market opened in the evening, the stock fell to 149 and then bounced back by more than 10 points. Those who followed my posts and price levels to buy the dip basically got in near the short-term bottom.
As for my outlook on Nvidia going forward, I personally think this is just a short-term rebound, not a reversal. The market is best at spinning bad news into good news. In the short term, after the negative news has largely been priced in, we may instead see a recovery rally. Combined with its earnings performance and potentially favorable measures from the new interim CEO, the share price could rebound.
Nvidia’s greatest advantage in the past hasn’t just been its chips and technology, but also the strategic judgment and industry influence that Jensen Huang brings.
Without Jensen Huang, Nvidia might still be an excellent tech company, but the certainty and premium the market has been willing to give it may no longer be as solid.
Without Jensen Huang, Nvidia would be missing its most important soul.
So, for the long positions I’ve built by buying the dip, I’ll sell them off in batches when the market opens today. I’ll just take a short-term rebound trade.
As for my outlook on Nvidia going forward, I personally think this is just a short-term rebound, not a reversal. The market is best at spinning bad news into good news. In the short term, after the negative news has largely been priced in, we may instead see a recovery rally. Combined with its earnings performance and potentially favorable measures from the new interim CEO, the share price could rebound.
Nvidia’s greatest advantage in the past hasn’t just been its chips and technology, but also the strategic judgment and industry influence that Jensen Huang brings.
Without Jensen Huang, Nvidia might still be an excellent tech company, but the certainty and premium the market has been willing to give it may no longer be as solid.
Without Jensen Huang, Nvidia would be missing its most important soul.
So, for the long positions I’ve built by buying the dip, I’ll sell them off in batches when the market opens today. I’ll just take a short-term rebound trade.
