NVDA260415C197500.US

$NVIDIA(NVDA.US)$Grab(GRAB.US)

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Trump's bid to shield chip supply chain could backfire in Tennessee - Reuters - $Micron Tech(MU.US) $Sandisk(SNDK.US) $NVIDIA(NVDA.US) $SK Hynix(SKHY.US)

$NVIDIA(NVDA.US)

Context: Cathie Wood's ARK Invest trimmed its stake in AMD, the chipmaker that is Nvidia's rival in the race to build artificial intelligence chips and data center processors. On Aug. 28, ARK sold 156,286 shares of AMD for approximately $72.8 million at the closing price on that day. Meanwhile, the company bought 243,707 Nvidia shares for over $53 million. The linked transactions make the move more remarkable.

Meanwhile, Nvidia has also officially announced the acquisition of Hugging Face, sending the stock up 2%.

My Trade: I'm looking at a $210 to $240 range for swing trades. Recent key support and resistance levels are slightly elevated following strong earnings and Nvidia's strategic acquisition moves.

Takeaway: ARK seems to be doubling down on AI infrastructure. Instead, the firm is parking money between chipmakers as investors assess Nvidia's commanding position against AMD's ability to get more share in accelerators and server CPUs. @Captain's Treasure