Posted on June 19, 2023
Remember Nvidia (NASDAQ:NVDA)?
The lads who singlehandedly moved the entire market?
The company that added $700 billion to its market cap in just six months on the strength of its AI chip sales?
Seven Hundred Billion.
That’s real money.
Or is it…?
AI is artificial, you know…
It creates things that are artificial.
Like this latest broad market, bull rush to the heavens.
It’s not real intelligence.
You know that.
Not real as we know it—as you and I have been so overwhelmingly endowed.
It’s the kind of intelligence that makes weak investors buy stocks.
You know the kind…
Anyway, we’re leveling the broadaxe in NVDA’s direction this morning because we’ve had enough of the fakery.
And we’re doing it with a trade so bold and muscular, it’s gonna send a quake through the bowels of Wall Street.
The invidious ones have planned for this day for over a century, friends.
It’s all about trickery and deception.
But they’ll never get away with it.
Because it makes no sense.
Nor do the fundamentals.
Check ’em out—
So, as you can see, things don’t tally.
The company upped its guidance, but a pullback is almost a certainty.
Even companies in the trillion dollar club lose their momentum.
With kind regards,
Hugh L. O’Haynew