Afternoon Note
A Little Cynical
By Charles Payne, CEO & Principal Analyst
5/24/2023 1:28 PM
As the Debt and default drama plays out in D.C., we are also awaiting Nvidia (NVDA) earnings, which reports after the close. Yesterday, Thomas Thornton posted a tweet saying:
$NVDA does a great job exploiting every trend. And when the trend ends a new one will be there. RIP Data centers, crypto mining, metaverse, laptops, gaming. Hello AI.
Seems a little cynical, but it’s a great point.
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Hot Topic |
Artificial Intelligence |
Meta & Omni Verse |
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72 |
6 |
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3Q23 |
42 |
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4Q22 |
52 |
25 |
The stock has rallied in three of the last four releases, but it’s really extended now.
The stock looks extended, and the shares are at a double top. I love the long-term potential but also would love to buy on a dip.
| Comments |
| I sold my 80 shares of NVDA this morning at a 142% profit. Hated to part with it, but nervous about the earnings call and debt ceiling nonsense. I agree with Charles, I'd like to see it go down tomorrow so I can buy back on the dip. LEE SALEM on 5/24/2023 1:48:55 PM |
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