Adding to Nvidia Short, Covering Some CoreWeave
I added to my Nvidia ($NVDA) short at $225.29 and covered some of my CoreWeave ($CRWV) short at $87.26
Position: Short NVDA (VS), CRWV (VS)
I added to my Nvidia ($NVDA) short at $225.29 and covered some of my CoreWeave ($CRWV) short at $87.26
Position: Short NVDA (VS), CRWV (VS)
Here are today’s things:
* I added to my $SPY short at $767.18.
* I added to ETF shorts $GRNY at $27.89 and $JOET at $46.10.
* I shorted $JPM at $353.71.
* I shorted more $CRWV at $89.06 and $NVDA at $212.04.
Position: Short SPY (VS), GRNY (M), JOET (S), JPM (VS), CRWV (VS), NVDA (S)
I am back short CoreWeave ($CRWV) at $85.58.
Position: Short CRWV (VS)
As hyperscalers make the biggest infrastructure wager in history, there are two AI-related bets I believe in.
The the odds of no rate hike in 2026 have jumped to 28% from 11% a month ago.
Don’t let the itch to stay busy push you into suboptimal trades.
The future looks bright and it might not be allowed to fail.
The power paint point thesis remains, leaving us with ample skin in the game.
Plus, we’re looking through the July CPI report and other headlines moving stocks this morning.
CoreWeave’s earnings blow away expectations and FoxConn looks pretty sharp. Let’s see what these could say about the overall state of the AI trade.