So, tomorrow we’ll see if Nvidia keeps defying gravity or if the hype finally meets reality. When your stock goes up 1000%, you're not a company anymore - you’re a religion. But even gods can fall, and when Nvidia stumbles, the whole market's going to feel it.

So, tomorrow we’ll see if Nvidia keeps defying gravity or if the hype finally meets reality. When your stock goes up 1000%, you’re not a company anymore – you’re a religion. But even gods can fall, and when Nvidia stumbles, the whole market’s going to feel it.

August 27, 2024

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Nvidia NVDA earnings will be released tomorrow.

When it comes to profits, NVDA now makes up a whopping 6.6% of the S&P 500 index.

Since the launch of ChatGPT in November 2022, that share has grown FIVEFOLD.

For comparison: before ChatGPT, Nvidia’s market cap was $290 billion, and now the company is valued at $3.1 trillion, just $200 billion shy of its peak in July.

Since the release of ChatGPT, the stock has surged by more than 1000%.

Tomorrow, Nvidia’s quarterly revenue is expected to grow by 112% compared to the same period last year, reaching $28.7 billion.

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So, tomorrow we’ll see if Nvidia keeps defying gravity or if the hype finally meets reality. When your stock goes up 1000%, you’re not a company anymore – you’re a religion. But even gods can fall, and when Nvidia stumbles, the whole market’s going to feel it.

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Donald Trump stated that he will not debate Kamala Harris again, saying, “There will be no third debate.” No debate, no trades/positions for the traders. What a shame.

Donald Trump says, “We’re embracing the future with crypto and leaving the slow, outdated big banks behind.” Yes, Mr. President, we heard you. You also want to pay off the national debt with Bitcoin. Brilliant plan.