Disclaimer: Whatever I say or post doesn't act as financial advice, so please do your due diligence before making any decision.
NVDA seems to resume its bullish reversal after the brief shake up by news of deepseek being able to create an AI algorithm with a lower cost model. Never doubt the potential and instrinsic bullishness that NVDA has built. They are one of the pioneer companies that started tremendous investment in the AI space, designing chips and tech to support that thesis.
Heard from the canadian investor podcast recently that Singapore is the highest comsumer of NVDA chips in Asia, ranking third in amount of purchase. But taking into account the small size of Singapore, the speakers think that the chips are actually rerouted to China.
So this actually means that despite all the political tensions and tariffs that Trump is trying to implement, there is still financial interest shared between China and the US.
With all that said, looking at the charts. NVDA has recovered from its recent drop, filling up the gap that was formed. I will not be surprised that NVDA will jump all the way up to 150, which is the top of the regression line with its bullisness now. But I personally do not trade based on earnings, so I wont speculate how big of a move that it will make pre/post earnings. But I am definitely long on NVDA, based on them proving that their robust business model is here to stay.
@madluvyz - Specialist in using TA to sell options and swing trade.đş
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