Yesterday I posted that I expect the video to get back down around $300 a share. It is obvious as of this morning that it’s not happening as of yet.
Nvidia blew away earnings estimates on pretty much on all levels sending the stock to hit $520 in aftermarket trading, yesterday. Presently it’s at $512 this morning before market open. Yes, I understand, Nvidia is a rocket ship leading the way to the moon when it comes to artificial intelligence chip development, yet these rocket ship like moves higher in slowing economic conditions, cause me to pause.
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