why I think $NVIDIA(NVDA.US) is getting hit today:
- simple answer is we have a ton of options expiring tomorrow and the Jane Streets of the world are doing what they do best- market still is lacking confidence in capex cycle…Jensen spent a decent chunk of time explaining that the reason hyperscalers will keep paying is because their operating cash flows are going up. more tokens, more revenue, more compute. cycle continues to eventually trillions per year on spend…but market continues to be doubtful.- the incremental new buyer for $NVIDIA(NVDA.US) is lacking, retail owns it, tutes own it, who’s next to own it at these levels is the question- broader macro might still be ugly with Iran War threats…could be holding back the entire market - some have brought up accounting issues and “cooking the books,” my response is that id trust Nvidia’s mgmt team over people scrolling through the 10K looking for a red flag, if the books are being cooked for a $4T company then I will hold that L…but I am a bit skepticali bought more today. story is simple: more compute is needed across every sector of life. Nvidia supplies it at 75% margins and is reaccelerating that growth. trading at 15x 2027 EPS forecasts now, just not that scary to buy more here. $NVIDIA(NVDA.US) -4%Source: amit
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