US stock market is hitting series of new all time highs.....
Reason for these all time highest numbers can be traced back to an exciting area of AI
NVDA lit the AI fire by reporting sales and earnings which " shocked " investment community...
NVDA has reported 3 back to back quarters with " better and better earnings & sales growth...
While NVDA is scooping all they could handle in terms of sales, competition remains asleep...
AMD has done lot of talking after each earnings report BUT no real growth...
On May 22nd after close NVDA will report and expect it to be another " huge beat "
However.....this time "shorts are very vocal that so-called competition is catching up"
I beg to differ completely.....
NVDA will continue to dominate like CSCO in its peak days...while other network companies became also ran....
Similar picture emerged in PC era with DELL dominated while others became also ran....
It IS important to recall past domination and understand why " leadership stocks never look back "
Not only NVDA will dominate for years BUT may split stocks many times, first announcement may come @ this earnings report....hopefully....
It IS important to be involved in Generative AI stocks...there are many who are part of this emerging market....
Good luck with your own research and comfort level.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Last week UP 7.03%
YTD Down 1.45%
Saleem
Hi Saleem,
Last week: +1.33% (YTD: +9.52%)
Portfolio Leaders: TWST AI ENPH
Portfolio Laggards: PSNL ALAR FLYW
In a week where the markets hit all-time highs, the portfolio mostly kept pace. The biggest gainers of the week were stocks with higher short interest as GME and other meme stocks surged intraweek once again. I took the opportunity to rotate into a different set of companies that could see fresh catalysts for growth ahead. ALAR reports tomorrow morning, and AI/ULTA report next week to nearly close out the earnings season. The market overall seems to be in good shape with both economic and inflation data moderating - a bull scenario. It feels like every 2-3% dip needs to be bought throughout the summer. Good luck to all with stock picking ahead!
Holdings: ZENV ALAR AMKR HOOD SPOT FLYW AI ULTA PSNL BMR, cash 0%
Stocktrader
Hi stocktrader!
Thank you so much for recommending ZENV. I currently have 10k shares. It pop big today. Are you holding it for long term? Thank you!
Hi Stock Rookie,
I was away from home so I didn't see the last 20 minutes until just now, but I'm ecstatic to be able to trim some - my 400k shares seem impossibly large to sell on any given normal day.
I always feel like both foreign and small companies (of which this is both) is susceptible to leaks, so my instinct is to let this run until we know more, but I will actively try to scale down the position size to a more manageable share count vs the avg traded volume as we stay above $3. I don't remember exactly where I pegged the fair value, but peers trade for double this valuation or more, it's just small and foreign so discounts need apply.
Stocktrader
Thank you so much for your analysis. Have a blessed day sir!
And congrats on your 400k shares!
Hi Stock Rookie,
Thank you! Good luck on yours also :)
Stocktrader
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