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Show Notes
Breadth
96 New highs
228 New lows
72% ADV 23% Dec
67% under 50 day
I noted on the Tue session that there was a battle between yields and risk assets where both were rising at the same time, and that this had to resolve.
Thursday, everyone will be talking nvda or jackson hole. No one will be talking how yields fell today. That gave more tailwinds intraday than any anticipation of $NVDA.
Up big after hours. As high as 520.. Settled in at 500
Beat expectations and raised
Noted that $1T TAM in data centers are going through a new cycle of upgrades
Upgrading to regenerative ai capabilities
Upgrading tech in general to keep up
Working with VMWare. Name dropped Meta, Google and others
How much of it is priced in?
Jensen Huang, Founder And CEO Of Nvidia Says "A New Computing Era Has Begun. Companies Worldwide Are Transitioning From General-Purpose To Accelerated Computing And Generative AI"
08/23/23 4:21 PM
Nvidia, NVDA approves $25 billion in share buyback.
Let's see how the earnings call goes and tmrw. Will news be bought or sold? How will price react to overhead ma?
10 Yr fell today finally, giving some reprieve
Cup and handle measured move could be 4538
Strong
Weak
FL 0.00%↑ , NKE 0.00%↑ , PTON 0.00%↑
What to watch
Yields
Fed speakers at Jackson Hole
Jerome Powell Friday 10:05am
NVDA 0.00%↑ keep its gains or sell the news?
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