Why Nvidia is a different story than Cisco in 2 charts...
Source: JPAM
All it took was 5 words... Nvidia's Huang says "demand for chips is great", sparking huge rally in $NVDA and the S&P...
NVIDIA CLOSED THE DAY UP 8%. NVDIA ADDED $220 BILLION DOLLARS TODAY FOR CONTEXT INTEL IS WORTH JUST $80 BILLION NOW THAT MEANS NVIDIA ADDED ALMOST 3 INTELS JUST TODAY 🤯 Source: www.zerohedge.com, GURGAVIN
Beware of some posts on X...
E.g there is a debate today about what Nancy Pelosi did on her Nvdia calls before the DOJ subponea.
Nvidia's market cap fell $279 billion today, the largest single-day decline for any company in history.
That's bigger than the market cap of 474 companies in the S&P 500. $NVDA Source: Charlie Bilello
Adding Insult To Margin Calls, Nvidia Receives DOJ Subpoena Making Record Price Drop Even Worse.
$NVDA is down another 3% in the overnight session After the close, the DOJ sent subpoenas to Nvidia and other companies in an escalation of its investigation into possible antitrust law violations by Nvidia. DOJ is concerned with whether Nvidia penalizes buyers that don’t exclusively use Nvidia chips and makes it difficult to switch suppliers. Source: Markets & Mayhem
Gains from the panic lows 3 weeks ago...
Nvidia $NVDA: +43% Bitcoin $BTC: +30% Nikkei 225 $NIKK: +23% Tesla $TSLA: +21% Meta $META: +17% Netflix $NFLX: +17% Amazon $AMZN: +17% Apple $AAPL: +16% Nasdaq 100 $QQQ: +13% Russell 2000 $IWM: +12% S&P 500 $SPY: +10% Microsoft $MSFT: +8% Google $GOOGL: +7% Source: Charlie Bilello
The top 10 largest stocks in the world are now worth a combined $19.48 Trillion up from $19.32T last week
Source: Evan
Nvidia eyes return to record as AI spending bonanza continues
Source: Bloomberg
