Saudi Arabia and the United Arab Emirates have reportedly purchased thousands of the firm's GPUs.
Nvidia alone is not going to be enough to support the market when Apple and Microsoft remain under pressure.
What a solution. If the numbers really, really stink, they just no longer exist.
Let's examine a key line in the SOX chart and what it tells us; also, let's look at the short-term oversold reading, the intermediate-term overbought reading, and what will likely come of an oversold rally.
Traders should have taken the money and run in late June.
Successful trading requires flexibility and not dogma.
On top of banning new private equity investment as well as joint-ventures, Biden's executive order requires U.S. interests doing business in mainland China to inform the U.S. government concerning direct investment in AI as well as other types of computer chips.
Cracks are starting to appear in Nvidia's record rise to new heights.
Let's see what strategy now makes sense.
If anyone is going to challenge Nvidia for market share in the generative AI-capable space, it's going to be AMD that makes the first truly serious attempt.