Why $NVDA and Housing Market is F*cked: An Exclusive Interview
Dear Traders,
Big news in the house! $NVDA, the shining star of the stock market, just dropped its earnings report yesterday. Brace yourselves for the numbers – they are impressive! The semiconductor giant’s second-quarter results blew away estimates. Adjusted earnings per share of $2.70 on revenues of $13.51 topped the expected $2.09 and $11.22 billion.
Second-quarter revenues jumped 88% QoQ, driven by data center revenue of $10.32 billion (+171% YoY).
NVIDIA´s stock jumped up more than 8% in after-hours trading, but today, it took a bit of a dip and is now hovering around +2% above the previous day’s closing price. On the other hand, AMD, another big semiconductor, saw a massive 7% drop during the day. It’s a classic case of “buy the rumor, sell the news.” Before important events, prices often go up, but when the news hits, they go down. This market behavior is quite common across sectors.
Now, here’s something exciting for you. Ardi and I had a chat with a true FinTwit legend, Michael A. Gayed. He’s one of my favorite Twitter personalities, authors, and fund managers. You might know him for his bold claims like “NVDA is fucked” and his unique takes on market trends. We dived into various topics during our conversation:
- Why NVDA is overvalued and what’s going on.
- A surprising twist in the housing market.
- Market insights and the approaching credit event.
- The importance of staying informed for individual traders and investors.
- Tips on long-term prosperity and the power of quality reports.
Check out our no-nonsense interview with Michael, where we dig into the heart of these matters. If you enjoyed it, give it a thumbs up and hit that subscribe button on our channel. Don’t forget to share your thoughts on your social media platforms too!
Last but not least, don’t miss out! Tomorrow marks the final day of our special offer – a whopping 50% discount code for our Elite Annual membership, granting you access to everything our community has to offer.
Stay tuned and successful,
Andrew
