Nvidia and PLTR? Overbought
$Palantir (PLTR.US)$ see price moving upwards despite Nvidia price corrections downwards today. are they not related? Or is it just delayed?
In minute charts, RSI shows that PLTR is overbought currently, and a red kumo clould hangs in ichimoku. There is also some form of resistance at $63... Time to be cautious.
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Finance Diploma and active trader for 5 years. Risk taker but only 2% 😁 hehe
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BFSkinner : They are not related at all. Pltr has room to grow, nvda not really
Juhil Patel BFSkinner : did you say, NVDA not really???
LRYA OP BFSkinner : Yes after today, I've learnt that they are similar but are independent of each other.
Also I realized that PLTR growth might be due to the switch to NASDAQ
BFSkinner Juhil Patel : Yes the AI craze isn’t returning roi as much as businesses hoped. LLMs are so limited and we aren’t even close to the next version of AI sentience. Other rivals will have cheaper and just as reliable alternatives soon NVDA will lose moat and lose market share!
Juhil Patel BFSkinner : we'll see
BFSkinner LRYA OP : Pltr trades at high fwd p/e but there is unlimited potential for new clients and nobody can touch them so far. They are like SkyNet
Juhil Patel BFSkinner : PLTR does have good competitors I believe!!!
LRYA OP BFSkinner : I always lumped them under the big AI tree. But now I will segregate them as pure software (PLTR) and mainly hardware (NVDA)
HuatKueh2020 LRYA OP : up up up