Kind of sounds like where we are coming from right now Warren Buffetts first interview in 1962https://www.instagram.com/reel/DflhRZHA_Bl/?utm_source=ig_web_copy_link&dlrf=NTc4MTIwNjQ2YQ==
Wall Street sold AI stocks. Now they're bouncing back.
CoreWeave reported 168% sales growth, and Louie Navellier believes the rebound could accelerate into Thanksgiving.
Why he's watching $NVDA and the broader AI sector:
You just can’t make this up
Rep. Ro Khanna sold Nvidia $NVDA perfectly at the top
One month later, CEO Jensen Huang admitted to an affair with a suspected Chinese spy
$NVDA is down 26% since
Khanna sits on the House committee that investigates China’s attempts to steal US tech
To be fair, he's said his trades are run by a 3rd-party
But he's also stated “Members of Congress should not be trading stocks”
CoreWeave jumped more than 20% igniting a rally in battered AI cloud stocks, as its hefty spending yielded strong revenue growth and the company signaled a pullback from the borrowing binge that had set off alarms of an AI bubble https://t.co/XkG9GYGbPP
CoreWeave up almost 25% and suddenly everybody loves AI stocks again. A week ago hedge funds were dumping tech, so is this a real bottom or just a relief bounce?