At this stage, it is definitely better to lower the buying, even if NVDA fell on the day of the financial report, it is actually a good buying opportunity. Many companies have been performing well recently, while some are waiting for opportunities. Once the index fills the gap, I think the next step is to return to historical highs. As the saying goes, the US President's annual index will definitely hit new highs. Recently, concerns about tariffs are also interesting. With the upcoming return of the US elected President Donald Trump to the White House, large retailers including WMT and LOW have issued warnings about potential tariff policies. Tariffs will certainly increase product costs, which should be a risk to watch out for next year. If inflation rises due to tariffs in the future, it will affect the Fed's monetary policy. Currently, the short-term market of US stocks is very optimistic, so everyone can buy on dips.

In the previous period, I positioned QCOM. At that time, I was paying attention to how long the consolidation lasted horizontally and how high it rose vertically. Combined with QCOM being severely undervalued, I have been buying in. After some oscillation period, it once rose to $180 and quickly dropped back to $160. However, after-market earnings report broke through the resistance level and completely opened up the upward space. Patience and determination are needed in investment. Yesterday, the entire clean energy sector experienced a collective collapse, with high dividend sectors such as utilities and consumer goods not performing well too. This was mainly due to the pressure of Trump's no rate cut expectation. Real estate is still a bit weak overall. Short-term risks for Chinese concept stocks are currently high. It may be volatile until after November 8th, after the NPC Standing Committee meeting. Consider positioning Tesla, NVDA, financial sector, and steel at a lower price. This is my personal strategy, friends can refer to it, but it does not constitute investment advice.

NVIDIA's current stock price is $140, while Visa, a component stock of the Dow Jones Industrial Average (DIA), is priced at $290, which is almost exactly twice as much as NVDA. Visa's weight in the DIA is 4.5%, so the corresponding weight for NVDA would be less than 2.25%. Let's use 2.25% for calculation. The size of DIA is only $35.2 billion, which is roughly equivalent to $0.88 billion in passive bid. If we include ETFs related to the Dow Jones, the final passive bid may also be less than $1.2 billion.
What impact could a $1.2 billion bid have on NVDA? I think it's basically negligible. The trading volume of NVDA after hours alone is $2.37 billion, so it's likely that it would be bought up in one go. Hence, this inclusion in the Dow Jones is just a tactic that Wall Street is using to support the market before the election. After all, NVDA's daily trading volume is in the tens of billions, so $1.2 billion is really just a drop in the ocean.
This inclusion in the Dow Jones could actually have a negative impact on individual stocks. When NVDA ramps up mindlessly, market liquidity may be sucked dry by NVDA alone. We may witness a scenario where 'individual stocks plummet while the index remains almost flat, with NVDA skyrocketing.' We've seen similar situations many times before, and it's probably not unfamiliar to everyone.
While NVDA may temporarily support the index, the ultimate determinant of market trends will still be the election!