Short term bearish till both technical chart And fundamental changes.
NVDA does looks a bit bearish.
I bought $109 and sold $116 for a quick profit. Seems like the market is not sensing big things from them since the big leap in demand and tech.
As competition comes in all angles…
1) China Chips
2) More GPU efficient Ai models
3) And possible market challenges such as High taxation and also regulatory restriction in selling.
I am for now a bit bearish of it For now.
In the realms of Ai, the whole ai thing. Everyone wants to profit from it. Either in credit as in the first mover Or invest in it.
But I think the invest part in core infrastructure has passed for 2nd phase. Now comes how cheap it can be deployed and ROI. The privacy or piracy or plagiarism aspect will be a thing of the past.
A new version of Netflix, YouTube and TikTok… will occur, just like when the market was against bit-torrent and against video sharing sites. They know it cannot be stopped.
In the world of Ai. The company that can simplify it and profit from it, massively will eventually be the winner. Like Eric Schmidt did for Google. Some may have some advantage due to the resources they have access to.
It’s really just that simple. Then it’s all about security (against hackers) and safety (what to protect)
*Not financial Advice, DYOR
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