NVIDIA IS STILL THE BEST AI STOCK BUT HAS AN OVER-OWNED PROBLEM
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Chart
Please click here for a chart of Nvidia stock (NVDA).
- The chart shows when Nvidia Q1 earnings were last released.
- The gap up shown on the chart added about $184B in market cap. This was the third largest market cap gain in one day in U.S. stock market history.
- Nvidia earnings accelerated the AI frenzy rally.
- The chart shows that there was a 262% gain in the Nvidia position if it was bought in the Arora buy zone shown on the chart.
- The chart shows the stock fell after the extraordinary earnings last quarter.
September 11, 2023