@NickSchmidt The fact everyone is acknowledging how tough things are could just be a contrarian indicator. This week, breakouts to new highs (mainly healthcare and retail) are sticking and breadth (above 20 day) has made a dramatic improvement.
@NickSchmidt Nick, I have just finished reading three market wizards books, HTMMIS, Minervini’s three books, The Way of the Turtle. The number one repeated technique was risk control. All the signs of this market point to a risk off environment. I would say keep shouting be careful!
$668M in total financing for @gmi_cloud.
Founder & CEO @alex_yehya announced a $223M equity round led by ARCHIV with participation from $NVDA, plus a $445M credit facility led by CTBC.
GMI says it now has more than $600M in annualized revenue under contract and is processing 1T AI inference tokens per day, up 20x in six months.
@jfsrev Agreed, I passed on both due to volume. RVOL rules can save you in a choppy market. Many low volume breakouts this summer, just no institutional support. A few days of accumulation then week or two fades before rolling.