To The Moon

As affected by the world market weak sentiment and correction, most stocks including AI related counters mostly retraced over the past weeks. 

NVDA

We cannot deny that the destiny of AI stocks are mainly depend on NVDA incoming earnings release and prospect. We got a big expectation from everyone since previous quarter forecast. Let's see how the things go. Will it be another surprise for us? Technically, the chart shows strong rebound for this week, yesterday candle might be a peak signal, open high and close low, but then the red candle still within the half body of the previous green candle, which is not too bad. I believe $NVIDIA Corp(NVDA)$ another spike will happen if the earnings call shows positive result.

NVDA daily chart

PLTR

As compared to C3.AI, PLTR shows a stronger support even though it retraces like most of the other counters. I am bullish $Palantir Technologies Inc.(PLTR)$ for PLTR mainly due to i think there's some good news to be announced by NVDA this week which may further stimulate all the AI counters again. Something to take note is, Palantir Technologies currently has no debt on its balance sheet, which is rare for a loss-making growth company, which typically has high debt relative to its equity.

C3.AI

As mentioned earlier, this counter is relatively weak as compared to PLTR. Is it just a meme stock or we should expect more from C3? I am short term $C3.ai, Inc.(AI)$ 

After a massive rally, C3 stock is now vulnerable to a substantial pullback. The catalyst for this potential drawdown could be a significant near-term event in which C3.ai will have to live up to investors high expectations.

AMD

It will be a hard prediction for $Advanced Micro Devices(AMD)$ this week especially NVDA is going to release its earnings call this week. I believe NVDA results might have certain impact towards AMD market share. If you are not a risk taker, it’s fine to wait until Nvidia has reported its second-quarter earnings results before considering buying AMD stock. Just bear in mind, though, that an Nvidia earnings beat might either send AMD shares higher or lower as well.

SOXL

Last but not least, let's look for the overall semiconductor indicator. I am short term bearish to $Semiconductor Bull 3X Shares(SOXL)$ . I think those giants might rally or further retrace following good or disappointing results from NVDA. But in overall, the market still very weak and all rely on the outcomes of Jackson Hole conference by end of this week. This is the key factor that will direct the market currently. How do you think?

@CaptainTiger  @TigerStars  @MillionaireTiger  @Daily_Discussion