To The Moon

$7,000,000,000,000. No company has ever touched it. $NVIDIA(NVDA)$ is one candle away

$NVIDIA(NVDA)$ is nearing the end of its 3 month range between 200 and 236, and is finally poised to break that key 212 level to retest ATHs at 236. Through 236 we gravitate towards key psychological levels: 250 and 300, putting

$NVIDIA(NVDA)$ above $7.2T MCAP

Tech Earnings 🤖

The rest of the month is full of earnings reports from the biggest players in the AI trade. $ASML Holding NV(ASML)$ and $Taiwan Semiconductor Manufacturing(TSM)$, responsible for critical chip hardware, report this week. $Alphabet(GOOGL)$ and $Tesla Motors(TSLA)$ report next week, and will confirm if institutional sentiment is still bullish towards AI.

The last week of July $Microsoft(MSFT)$, $Meta Platforms, Inc.(META)$, $Apple(AAPL)$, and $Amazon.com(AMZN)$ report as the last major hyperscalers $NVIDIA(NVDA)$ doesn’t ship without $TSMC, so the report needs to confirm its wafer production still on pace to meet demand.

$ASML Holding NV(ASML)$ sells the lithography tools $TSMC needs to build capacity, so they need to confirm whether 2027 capacity is essentially sold out. The hyperscalers $Tesla Motors(TSLA)$, $Apple(AAPL)$, $Alphabet(GOOGL)$, $Meta Platforms, Inc.(META)$, $Microsoft(MSFT)$ not only need to confirm that there is still demand for GPU clusters and data centers, but they also need to generally reach the same conclusion: capex will be expanded. If forward guidance is flat, that fuels the narrative that capex is peaking

Trade Ideas 🚀

$NVIDIA(NVDA)$ above 212

Day Trade: 7/17 212.5C

Swing Trade: 7/24 215C

3 months of consolidation. 8 catalysts in 3 weeks. 1 breakout away from making history.