Nvidia $NVDA trading has been halted. News is that Nvidia has signed a 6 years cross licensing agreement with Intel and Intel will pay $NVDA $300 million each in 5 annual installments. This amount is in the range of what was expected and in line with earlier settlement between $INTC and $AMD.
Since there is no surprise here, theoretically the stock price of $NVDA should not go up. But in this bull market, we expect a big up spike. We will take advantage of the up spikes by lightly adding to our short position. We suggest disregarding the levels in our prior post and using technicals to short at the top of the potential up spikes.
