In the two days since Jensen Huang resigned, Nvidia has been hammered back into the price range it traded in from August to October last year. Memory stocks and optical module makers have also pulled back over the same period, but in terms of absolute prices and positioning, Nvidia’s retreat has been cleaner, with a layer of profit-taking shaken out.
The company has lost an iconic leader in the short term—that’s a fact. But whether demand is still there and whether the guidance still holds will have to be confirmed by next week’s earnings report. I’m more inclined to see current prices as driven by sentiment, rather than as a sign that the AI narrative is over.
I imagine Teacher Aoying’s reasoning for going long is something like this.
$NVDA #Nvidia #AI
The company has lost an iconic leader in the short term—that’s a fact. But whether demand is still there and whether the guidance still holds will have to be confirmed by next week’s earnings report. I’m more inclined to see current prices as driven by sentiment, rather than as a sign that the AI narrative is over.
I imagine Teacher Aoying’s reasoning for going long is something like this.
$NVDA #Nvidia #AI