Ahead of Nvidia’s earnings report after the closing bell on Thursday, Bill Baruch shares his preview and what to look out for when the company reports.
So what is riding on this next week? So I think really for the rally, I mean, it’s been a big momentum. It’s held a level at 400 that that really is looking and I think that’s built a terrific technical base. There’s definitely momentum. But I think the risks and be really to the upside, they are the leader in AI and GPUs.
They are still the the heavyweight champion right now, but are they going to unveil a second generation GPU or are they going to are they going to have a timeline to that? And then not only that, I mean, we’ve seen this last two quarters, even that August quarter, it didn’t have the aftermath of a trade that people liked, but it was just a lot of build up.
But if they even topped those expectations, I think after this consolidation, between 400, 500 risk is to the upside. Let’s see. I just wonder, you know, does a 237 and a half percent gain this year, Joe, Matter I.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at email@example.com or call us at 312- 278-0500