OT: Hard to see how Nvidia's stock.....

[leeinator]

.....has tumbled the way it has recently. I'm told Elon Musk buys almost exclusively from Nvidia all of it's graphic processing units for it's AI business. It started the Memphis facility as a 100K chip user. Now as shown in the article below, they are expanding to a 200K chip user. On top of that staggering news, they now are laying the groundwork at the southwest Memphis site for a future 1 million chip user behemoth. That is insane! The chips that are supplied by Nvidia at this site alone should propel their sales/earnings like a Musk Spacex rocket. I would think Nvidia stock should be a good buy right now. It's gonna go up.......you can bank it.

Elon Musk's xAI acquires Southwest Memphis property, plans for further expansion (msn.com)

 

[57stratdawg]

Yeah. Buy it.

But, I think the AI boom might start filtering out of chips and into companies using AI practical applications. Think about it like shifting away from AT&T in 2008 over to Uber.

I like InnoData in that space.

 

[Chesusdog]

It helps that AMD kicked their asses with this newest generation of GPUs on performance, price, actual availability to consumers, etc.

 

[horshack.sixpack]

It helps that AMD kicked their asses with this newest generation of GPUs on performance, price, actual availability to consumers, etc.

Intel has supposedly got some viable new chips as well. None of these competitors are going to sit around and let NVIDIA continue without any challenges.

 

[horshack.sixpack]

FYI antidote from the only account I have professionally managed. They shifted some stuff around last week.


ETA: here are the buys:

 

[DesotoCountyDawg]

Nvidia is in a technical sell off if you’re a chart nerd. Until it breaks out it’s going to keep sliding within that trade range it’s established

 

[horshack.sixpack]

Nvidia is in a technical sell off if you’re a chart nerd. Until it breaks out it’s going to keep sliding within that trade range it’s established

I never pay attention to patterns. Mostly do fundamental trading mixed with a little guesswork***

 

[Dawgg]

… The chips that are supplied by Nvidia at this site alone should propel their sales/earnings like a Musk Spacex rocket.

Well, they’re crashing and burning, so they pretty much are.