Party Like It’s 1999
There is a stock called Nvidia (NVDA). You might have heard of it. It makes the chips that Artificial Intellligence (AI) runs on. It is up nearly 200% over the last year and is close to becoming the world’s most…
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The Market Is Breaking Down: S&P: Failed Breakout, NVDA: Exhaustion Bar, CRM: Beneath The Surface Another One Bites The Dust
On Thursday, the S&P closed below 5,250 – the breakout level from March 28. This is what is called a “failed breakout” in classical technical anaylsis. “From failed moves come fast moves”. In other words, we are looking at a…
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CAVA Earnings, NVDA Is In The Blow Off Top Phase, CRM Earnings Preview
In “Legendary Days: Adventures in San Diego” (May 16), I talked about reading about CAVA (CAVA), an up and coming fast casual, Mediteranean style cuisine restaurant, which Barron’s listed as one of three possible “The Next Chipotles”. I was impressed…
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NVDA Reports A Blowout Quarter – And The Market Tanks
On Wednesday afternoon, Nvidia (NVDA) reported a blowout quarter in the most anticipated event of the week. Revenue of $26 billion and guidance of $28 billion for next quarter were about as much as bulls could hope for. The stock…
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This Week: NVDA CEO Huang Keynote AI Speech, BOJ & Fed Decisions
Monday at 1pm PST, Nvidia (NVDA) CEO Jensen Huang will be giving a keynote speech at the SAP Center in San Jose, CA on the future of Artificial Intelligence (AI). Obviously Huang is going to hype AI. The real question…
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Sticky Inflation Means Higher For Longer And The Magnificent 7 Are Out Of Gas
Stocks rallied hard on Tuesday in the wake of the February CPI – but it didn’t make any sense. The CPI came in slightly hotter than expected and this sticky inflation has taken a May rate cut off the table….
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Is Inflation Sticky? NVDL: 2x Long NVDA
The February CPI came in this morning marginally hotter than expected with both headline and core increasing by 0.4% month over month. As I wrote earlier this morning, bulls would have liked to see core at 0.3%. Which raises the…
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February CPI, ORCL Is Growing Again, NVDA
This morning at 8:30am EST the BLS will report the February CPI. As you can see in table above, estimates are for headline to be +0.4% and core +0.3% month over month. Anything notably higher than that is likely to…
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NVDA Led Market Reversal Likely Marks At Least Short Term Top
For many years Apple was the most important stock in the market but right now it’s Nvidia (NVDA). And on Friday, NVDA surged once again at the open but then made a high around 10:30am EST and reversed hard to…
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Don’t Call It A Bubble, BBY Earnings
Jon Sindreu wrote a very interesting article for the WSJ’s Heard On The Street section this morning (“Don’t Call AI Craze A Bubble” [SUBSCRIPTION REQUIRED]). Sindreu wants to make a distinction between the current market – in which blue chip…
