dingdongbell
I don’t see the hype with Google procuring Intel’s chips. They are just diversifying and in honesty, and if I remember correctly Intel has a deal with Nvidia with regard to AI chips isn’t it? Without Nvidia’s help, Google might not even have taken the risk.
$NVIDIA(NVDA.US)
Nvidia has retreated after Friday’s sell off. But is it cheap enough for a buy? She is still going to be relevant in this new AI economy for a long time. However, how she performs over the long run depends on how innovative and relevant she remains with all the strong competitors around.
At the moment, she is still the AI leader and rightly so.
@Bridge Buzz SG
It’s about time market participants stops looking at narratives and realise the market does not care about that. The job numbers are good on paper and so they are worried about rate hikes. Its world cup season and the hires might be temporary hospitality and world cup related ones.
$AMD(AMD.US)
Broadcom is still trying to recover from the post earnings selloff. AMD is doing slightly better but looks heavy as well into a full pattern at the top.
A healthy pullback looks likely and I am targeting awesome prices at the 320 levels which looks like strong support.
I still think prices are a bit steep here and will wait for the discount.
@Bridge Buzz SG
Why are the headlines behaving like as if the markets do not need to breath? Haha….It’s good that the market pulls back. In fact, it’s way overdue!
$GLD SG(GSD.SG)
The market is so overstretched with so much FOMO and expectations. Even though gold has gone up quite a lot as well, at least it has a safe haven status attached to it and it is just above its 200MA on the daily now which should act as support.
Staying defensive.
@Bridge Buzz SG
Broadcom actually reported good results. But the market is so hungry for even better that a good enough result does not make them full!
$Broadcom(AVGO.US)
Broadcom will be the most looked forward to earnings result this week. I consider it a juggernaut in the ilk of Nvidia but without the hype and a much needed competitor to prevent an outright monopoly.
I believe she will beat and raise and outlook will be rosy.
@Bridge Buzz SG
We are living in an age where a comment, a tweet or a post can move people. This is a good example of that where the only variable is a comment and the counter goes up by one third its price? No wonder influencers rule social media. What has the world come to? Don’t people think with their own brains nowadays?
$Apple(AAPL.US)
Looks like Google is not resting on its laurels. Anthropic is going big on its AI infrastructure build and Berkshire’s investment via a 10 Billion dollar placement is not something to look away from. That’s a big nod towards the AI buildout. Where is Apple in all this? That is why I am still not buying Apple at these prices.
@Bridge Buzz SG
The equity raises by big tech only goes to show that AI spend is going strong and they know that the first mover advantage is real. However valuations are stretched and a healthy breather will be good for the markets.
$NVIDIA(NVDA.US)
Nvidia has decided to take on AMD and Intel in the Windows laptop and desktop market it seems. Looking at its recent decision to utilise its cash for dividends and stock buybacks and now this, it seems to me that management do not see value in companies in the AI sector worth acquiring or has run out of ideas in growing the company.
@Bridge Buzz SG
As long as the market keeps going up on low volume and narrow breadth, I will not participate and just watch the FOMO crowd exhaust itself.
Week 6 - Keeping a defensive stance
The markets are still not in a buyable position being elevated in value as well as overstretched and I am keeping to a defensive stance. Gold has retreated to its support levels at the 200MA which has made it attractive and a value proposition.
@Bridge Buzz SG
coyg!!
$GLD SG(GSD.SG)
This market is too stretched on both technicals and valuations and being fuelled by FOMO and short squeezes. And the big boys are happily distributing. When that fuel runs out or the big boys pull the trigger, the stampede to safety will be epic.
Guess where they will run to?
Stay defensive!
@Bridge Buzz SG
The market keeps going up with minimal pullbacks. That is a market that will run out of air at the top! Be careful everyone. I am staying defensive!