$7,000,000,000,000. No company has ever touched it. $NVDA is one candle away
$NVDA is nearing the end of its 3 month range between 200 and 236, and is finally poised to break that key 212 level to retest ATHs at 236. Through 236 we gravitate towards key psychological levels: 250 and 300, putting $NVDA above $7.2T MCAP
Tech Earnings 🤖
The rest of the month is full of earnings reports from the biggest players in the AI trade. $ASML and $TSMC, responsible for critical chip hardware, report this week. $GOOGL and $TSLA report next week, and will confirm if institutional sentiment is still bullish towards AI. The last week of July $MSFT, $META, $AAPL, and $AMZN report as the last major hyperscalers
$NVDA doesn’t ship without $TSMC, so the report needs to confirm its wafer production still on pace to meet demand. $ASML sells the lithography tools $TSMC needs to build capacity, so they need to confirm whether 2027 capacity is essentially sold out. The hyperscalers $TSLA, $AAPL, $GOOGL, $META, $MSFT not only need to confirm that there is still demand for GPU clusters and data centers, but they also need to generally reach the same conclusion: capex will be expanded. If forward guidance is flat, that fuels the narrative that capex is peaking
Trade Ideas 🚀
$NVDA above 212
Day Trade: 7/17 212.5C
Swing Trade: 7/24 215C
3 months of consolidation. 8 catalysts in 3 weeks. 1 breakout away from making history.
@TheodRRRe Last 4 years they have hired a large number of people. That’s not working for them rather they are just pushing the idea of efficiency. Take it easy brother.