Will NVDA collapse?

One of my favorite quotes is: good stock price does not mean good company, and vice versa. Last week, Jay Powell delivered what most people expected out of him, and this week through Labor Day week will be a test to the correlation between thin liquidity and volatility. NVDA earning on 8/28/2024 will be the core of such test. Looking at an atypical way to preview the earning, it is very telling that markets have been consistently under appreciating as PE forward (next 12 months) has been way underneath the PE trailing (last 12 months). The volume will largely be thin next few sessions, and any major event will shift sentiment quite quickly (if any). I am of a view that NVDA investors will stand to buy dips even from the beach.

#nvda #AI #spx #fed