$NVIDIA (NVDA.US)$ basically what you should know is AMD is ...
$NVIDIA(NVDA.US$ basically what you should know is AMD is the competitor of NVDIA… If AMD gaining market share, meaning either the market is growing or Nvdia is losing its market share… Under the current economic situation, the second option is most likely the answer…
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MooYeh : I thot it is regardless. supply still cannot meet demanda. At the rate of digitalisation and AI race, both will pull each others. just my opinion.
JC1616 OP MooYeh : Actually I am not really sure about their future performance if both of them are losing their China market…
MooYeh JC1616 OP : yes while China is a big market, there are still alot of non-China cloud providers that will need the chips for AI and even AI at the edge. all the news are just some players playing with the psyche of traders, preying on their panic and sell or causes the stock to drop. those we cannot control.
MooYeh : and USA needs to know their curb on chips on China will just force China to accelerate their independence on their own chip design. China will be self sufficient. and the loser will be USA cos they lose all the economic sense and their people suffers. they are worried that China will overtake them if they get hold of the chips. the fact is that they cannot stop it. so instead of working together to better the world and help all humans, it's just making it worse. look at North Korea. all the sanctions. they are still surviving. so what does it tell us? and USA is just burning unnecessary $$ to fight China.
MooYeh : and above purely my observation and comments.
MooYeh : I have seen nvidia trade at 278 and rise to 502 then came down to 450+, went back up to 470+ and now down to 410+. and even 392. yes head and shoulders. so it's who are more firm and less susceptible to news and then panic. so my advice is trade with caution and follow the trend. otherwise stay off. the big boys are in control. the elephants are dancing. if u can't hold out and is not swing trading, then don't jump in now. too volatile for people who only look one direction. current market is for those who knows how to play both long and short.