NVDA Took some profit at the close px. This needs some cool off. Going to buy in around 140 to 143 again. if not reaching there will at least buy below 147.
NVDA what's going on? less than 2 weeks ago at 131 people were here talking about this was a China loving company and was gonna tank...I hope they didn't overleverage on the short side so the next time it has a normal and healthy 10-15% correction they can afford to come back and give me another good laugh.
on a serious note, it looks a little pricey here short term so if you're long, be careful. a small pullback here and better long entry point is likely in the next couple of days. I wouldn't short, though. sometimes NVDA just likes to fly...until somebody gets better at AI chips than them, though, longer term bias will be to the upside imo.
NVDA Stock buyback next week plus algo trading will buy 38B if markets up, 34B if flat and 4B if down; and NVDA will get the lion share of this money. One negative is that Japan Central Bank will raise interest rates this weekend which may trigger a sell of among carry-traders that may cause a temporary pull back as in August 2024. Most likely we will see 160 next week.