AI story is not another tech boom. It's revolution!
Now, only so many mainstream analysts and media keep talking of the AI story and specifically Nvidia. And some even said it's bubble like last dot com bubble decades ago; can you believe it? They got it totally wrong.
Almost four years ago, I shared my view with the investing community after studying how parallel computing is most suited for coming AI revolution, an area where a series of GPUs work together excel, being at least 100 times faster than the most advanced single CPU chip available at that time. I confidently predicted Nvidia will rise to be the mother of all rocket launches and the biggest. Today, indeed, it became a multi-bagger success. The character of the stock made me even more believe in my forecast.
I strategically awaited for the huge correction catalyst to come because the price was still too high then, and the Covid-induced tech crash came at the right time. I also accurately forecast the key reversal of the crash two days prior to the Nasdaq V-shaped sharp reversal of 2020 March. At that time, this bold forecast was the opposite of daily widespread pessimism from analysts and mainstream news that it's a "dead cat bounce" of the market. Naturally, most retailers do not believe me. Herd will always be herded to slaughterhouse since the market was created. When it comes to TA, these furus/experts are no way come close to accurate reading. TA cannot be accurate without reading market sentiment.
From my first entry price, Nvidia has sky-rocketed over 440% in just 2 years. Since then, multiple entry and exit at key reversals due to huge wash out longs by market makers.
#precisiontrading
#markettiming
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118062799 : AI have not proven to be revenue generating
151054058 118062799: Proven by who？
digitigrade 151054058: not been proven. By anyone. A proper response would hold up someone who has proven AI to generate revenue, such as nvidia...
151152373 : So what do you think Nvidia's next stock price will be? Will it surpass the market capitalization of Apple and Google? Or will it face the risk of a major pullback?
protraderxOP 151152373: it's destined to be. Nvidia has 90% of GPU market and almost 100% of the software ecosystem. However, stock market is highly manipulated and to fomo chase without this understanding can result it huge wash out long your entry. Manipulation by market makers is as real as day light in all financial instruments. Next price to hit 1068 but not before market makers do the washing.
protraderxOP : some sore losers living in the caves. Nvidia not making money? Don't need to respond. They can don't touch anything AI.
https://www.reuters.com/technology/nvidia-forecasts-first-quarter-revenue-above-estimates-2024-02-21/