Video: What to Know About Nvidia’s Earnings and Meta’s $17 Billion Settlement
A big day for NVIDIA and Meta. In this interview, we discuss everything you need to know about recent news from these two mega-cap companies.
A big day for NVIDIA and Meta. In this interview, we discuss everything you need to know about recent news from these two mega-cap companies.
The Fed Chair thinks the central bank should communicate less rather than more, but the market is hungry for insight into inflation.
The market will run through Jackson Hole Friday. Here are my thoughts as Kevin Warsh takes the stage.
Here are Thursday’s things:
*I shorted $CRWV at $92.32 and covered at $87.98.
* I added to $GRNY short at $28.03.
* I shorted more $JPM at $456.76 and covered my entire position at $362.82.
* New short $CRM at $252.54.
* Shorted $NVDA $226.08 and covered NVDA at $224.04.
* Added to $VRNO at $5.87, to $MSOS long at $4.79 and initiated short-dated call options in MSOS.
* Covered $QQQ short at $715.98.
* Shorted more $SPY $771.22
Position: Long VRNO (M), MSOS (VL), MSOS calls (S); Short SPY (M), NVDA (VS), GRNY (M), CRM (S)
The largest stock in the market held up the indices but there was plenty of weakness under the surface.
It has been a scary summer of moves in either direction for Asia’s chip sector and the reaction to Nvidia’s guidance may come as a shock.
The company will report earnings after the close and could surprise to the upside.
Chips and software rally while the rest of the market struggles.
Here’s where would we add more NVDA shares.
I added to my Nvidia ($NVDA) short at $225.29 and covered some of my CoreWeave ($CRWV) short at $87.26
Position: Short NVDA (VS), CRWV (VS)