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.

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.