NVDA

And finally, folks, we have Nvidia. How can we end the day without covering Nvidia news, especially after their announcement of a $150 billion share buyback program? That initially pushed the stock higher, and it closed the day up 1.68%, but note that I have an upward trend line that has effectively blocked all of Nvidia's attempts to rise so far.

Nvidia toppy on the dollar too. Short-term bare calls as well on Nvidia SKHENX that worked.

Right now it is slightly down but remember the QQQ is driven by Nvidia Tesla Micron all those names and that's what you need to look at to understand where this thing is going.

Nvidia clear sell sign I talked about last week at 231 and it did it turned and burned. However, we have a little bit of a higher low here from this one down here. No buy signal yet, but we did hit 210 today.

In fact, no, we didn't hit 212 today. But I do believe we're heading back up up to this resistance level, the 228 230 level. and we'll churn higher until we break out in Q4. So, this is not one you want to sell here and one you want to kind of accumulate on dips, but I don't know if we're going to get sub 200 again.

It's just too good a company. Way too good a company.

Well, I've had the opportunity to digest Nvidia's recent results, press release, conference call with Wall Street analysts, income statement, cash flow statement, balance sheet , etc. I have updated the company's discounted cash flow assessment and revised my rating of it .

Remember, prior to this quarterly investor update, I upgraded Nvidia stock to my top buy. So I was very pleased to see the share price jump by about 10% after the company announced these results.

cybersecurity stocks such as CrowdStrike and Palo Alto Networks rose based on the idea of “the need to defend against this,” while chip stocks declined.

So, Nvidia, Meta, and the big companies, will continue until a new headline about a rogue customer triggers another market scare.

Nvidia is 235 up over $5.

Today , I will talk about AMD, Broadcom, Amazon, Meta, and Nvidia.

Nvidia dominates this market, but companies like Microsoft, Meta and OpenAI don't necessarily want to rely on a single supplier for all their computing needs.

Nvidia has a well-established software system, huge customer relationships, and much larger revenues from artificial intelligence.

Nvidia's looks like it wants to I should let me phrase this let me phrase this correctly. Nvidia looks like it wants to break out.

A couple of things struck me about the recent trading and activity in uh Nvidia. So, I'm just going to narrate what I see here. This is a stock that had a massive runup in May when all of its customers, the hyperscalers were reporting not only earnings but forward guidance and their capex plans.

Nvidia has just made a very big move, and I'm not talking about another AI chip, I'm not talking about a deal with a huge cloud service provider, and I'm not talking about another data center announcement.

Nvidia has just announced an additional $150 billion share buyback program . But here's the part that I think is being overlooked.

Nvidia and AMD have just completely changed the artificial intelligence market . Nvidia has just announced a massive share buyback program. They have announced a new innovation in the security of AI agents , which is impressive given how quickly they are moving.

Nvidia is changing the entire market and that makes me very excited about what's happening. We see that the stock rose by about 1.7% during the day. In after-hours trading, the stock rose by approximately 0.25%.

First of all, Nvidia. There's big news about Nvidia today. They announced the largest share buyback in the history of the stock market, right?

Nvidia is launching the largest stock buyback in US history. $235 billion buyback. Just think, the share buyback that Nvidia just announced was equal to the market cap of the top 10 largest companies in the world when I first entered the stock market, right? It's really incredible, isn't it?

Nvidia is the second to fall into this good basket , I would argue, based on an analysis of the technical aspects. And again , it meets all the requirements, doesn't it? Higher highs and higher lows, although it has tended to move sideways more than anything else recently.

The moving average is definitely trending upwards as we can see, and the momentum is generally strong, although we haven't seen a great deal of extremely strong momentum.

They issued two statements today, one about the safety of artificial intelligence, and for investors, perhaps the most important was the board's announcement of a $150 billion share buyback agreement.

As the press release states, it is the largest in history, giving the board approximately $250 billion to repurchase shares currently. I think it's too small. I mean , look. They finally got rid of the one-cent-per-share dividend , which I also didn't understand.

But yes, the law of big numbers here seems out of context, and nothing seems big enough. Yes, 150 billion, boring.

Now we move on to Nvidia. We started the week at 223. The stock saw little change this week, closing at 225. Elon Musk plans to double Nvidia 's xAI Colossus 2 data center by the end of the year.

When we get to Microsoft, and when we get to SpaceX, we will talk about this in more detail, but it is clear that Elon Musk pledged at SpaceX’s last conference call that they will rely solely on Nvidia graphics processing units.

This is extremely important. If one cloud computing provider can get these data centers up and running faster than any other, I think that's the case with SpaceX. Well, this means that Nvidia will quickly reap huge profits.