NVDA Earnings And The Popping Of The Mag 7 Bubble
S&P 5000. I can’t say I expected that 15 years ago when the market was crashing and the S&P fell below 700. It’s been an incredible run since then – led by the Big 5, now the Magnificent 7 (Tesla…
It’s Big Tech And All The Rest
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
The Fed Is Done, Small Caps Eye Breakout, NVDA Earnings, Value In ZM
The better than expected October CPI last Tuesday morning has ended the Fed’s rate hiking campaign. As you can see in the Fed Futures Probabilities charts above, the market is placing no chance of anything other than a pause at…
The Bear Market Rally Is Over
In an interview on CNBC’s Closing Bell Wednesday [SUBSCRIPTION REQUIRED], BTIG’s Chief Market Technician Jonathan Krinsky said that the current rally is either the weakest start to a bull market ever or the biggest bear market rally ever. He said…
All Eyes On NVDA
Three months ago on the afternoon of Wednesday May 24, Nvidia (NVDA) gave surprisingly strong current quarter guidance in conjunction with its earnings report. The guidance for $11 billion in revenue in the current quarter blew away the consensus estimate…
NVDA’s Monster Quarter An “iPhone Moment” For AI?
A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process – NVDA CEO Jensen Huang, Press Release May 24…
NVDA: Technicals Vs Fundamentals: Another Test Of The Competing Narratives
While not quite as well known as The Big 5, semiconductor manufacturer Nvidia (NVDA) – with a $500 billion market cap – is one of the most popular and important stocks in the market – and it reports 4Q22 earnings…
Play Chips With MU, Not NVDA
It has been said that semiconductors are the new oil, so central are they to the contemporary economy. Currently, a scarcity of semiconductors is the bottleneck holding up production of many goods such as automobiles. Many investors have exposure to…
The Bifurcated Market: Why NVDA Is A Sell And DASH A Buy
As I wrote this morning in the context of Shopify (SHOP), the market is bifurcated into the mega cap tech stocks that have held up well so far – and thus propped up the indexes – and the smaller but…
From Whatever It Takes To Retiring Transitory – The End of the Post-COVID Bubble
On Monday March 23, 2020 before the market opened – in the midst of the COVID panic – Chairman Powell essentially told financial markets that he would do whatever it took to support financial markets: The Federal Reserve will continue…