End of the Week, end of the Month and end of the Quarter brings us to TGIF and a “Good” one too but we are not out of the woods yet. We are getting one day UP, two days DOWN but we need the reverse and hopefully the upcoming earnings season will deliver that. This week, I loaded up on some QQQ, JPM and of course NVDA. I think it was a good opportunity below 225 so scooped up some more and made a full position. We may get another opportunity if some Morons keep beating down NVDA because of the Crypto carnage since GPU’s end up being used for Crypto mining too. But there is one very BIG difference. The Crypto miners need NVDA and not other way round. NVDA’s GPU business is in a sweet spot right now but NVDA does not depend on Crypto mining to grow as it is a very small percentage of their business (think it like a bonus!). Data Centers, Gaming & the trillion dollar Autonomous Driving is the core of their business and that’s the reason I stick with this Artificial Intelligence play.
