XLK Rebalancing to Reverse Apple, Nvidia Stock Positions
$NVIDIA Corp(NVDA)$ $Technology Select Sector SPDR Fund(XLK)$ $Apple(AAPL)$ Leaving this here for those unaware about the following news regarding the rebalancing of XLK's basket of holdings. Following news courtesy of Yahoo Finance. The Technology Select Sector SPDR Fund (XLK), the second-largest technology sector exchange-traded fund by assets under management, will dramatically shift the weighting for two of its top holdings on Friday, assuming the market cap of NVIDIA stays above that of APPLE as of tomorrow, which will likely be the case. XLK, which has $72 billion in asset
As mentioned in my last post on Nvidia, keep a close eye on this one, she is soaring like an Eagle and will continue too. Nvidia has very strong foundations for maintaining growth in the industry and will continue to grow. We will see tremendous influx of shareholders grasping this as its a no brainer imo as probably being the heavy weight champion of the world market. As a long holding stock to invest in, it has strong holding position. As AI grows and the demand each other month for newer tech, graphic tech designers have always aimed to not only please its consumers, but do so by huge strides in development that leaves its community and also its investors buying out the latest graphic cards etc by means on pre order online and it still hadn't even hit the stores, when it does come in th
$NVIDIA Corp(NVDA)$ Nvidia ($NVDA) hit $1104 in overnight trading, pushing its market cap to $2.7 trillion and already making history. If it reaches $1220, it’ll smash through the $3 trillion milestone, or around $122 post-split. This would make Nvidia only the third company ever to hit such an astronomical valuation. We're witnessing an epic financial saga, and this next leap would cement Nvidia's legendary status in the market. @Daily_Discussion@TigerPM@Daily_Discussion@MillionaireTiger
$NVIDIA Corp(NVDA)$ 🚀🚀🚀🚀🚀🚀🚀🚀 Nvidia ($NVDA) just hit a jaw-dropping $1104/share in overnight trading, pushing its market cap to an all-time high of $2.7 trillion. Now, it's just a mere 9% away from overtaking Apple ($AAPL) as the world’s second-largest company. This year alone, Nvidia's stock has soared 125%, and over the past five years, it’s exploded by more than 3,000%. Nvidia's valuation now surpasses the combined worth of Walmart, Tesla, JP Morgan, and Exxon Mobil. With a staggering 260,000% increase since 1999, we’re truly witnessing a historic moment in the stock market.
both stocks are making all time highs as ai is the next big thing. they manufacture the processors required for ai work. before ai was announced as the new big thing, nvda and amd suffered a great sell off from dec 2021 to oct 2022 due to oversupply and interest rate hikes. the chinese market is experiencing the same sell off as nvda and amd did. *hint hint* let's take a look at pnf charts of both stocks. it can be observed that nvda is leading the charge. it has neatly made a new all time high while amd is just reaching its previous all time high. both stocks are clearly on an uptrend. if you really want to buy now, at least wait for a dip. unless you want to get burnt buying high. amd would be good to buy it retraces to 126. nvda 480. what might cause a dip 1. profit taking 2
NVIDIA, a giant in graphics card production, is under scrutiny from several users on X (formerly Twitter). Here's a beginner-friendly summary of the recent allegations: 1. Performance Rise: NVIDIA has seen a massive +262% growth this year. Many believe it's due to the rising demand for AI. 2. Real Demand Question: Samantha LaDuc raised questions about NVIDIA's data center revenue growth, suggesting the company might be inflating its GPU demand. 3. Connection with CoreWeave: NVIDIA gave CoreWeave, a client, a $2.3 billion line of credit. This amount matches NVIDIA's earnings in Q2. CoreWeave also used NVIDIA GPUs as collateral for a loan, which is unusual given that tech products can quickly lose value. 4. Possible Money Movement Pattern: - Funds lent to CoreWeave. - CoreWeave buys GPUs f