[Rewards] NVIDIA shares soar after Q2 earnings beat, driven by strong demand for AI chips
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KEY Figures:
● Q2 revenue was a record of $13.51 billion, up 88% QoQ (quarter-on-quarter) and up 101% YoY (year-on-year), beating the expectation of $11.22 billion by Refinitiv.
● NVIDIA got a record Data Center revenue of $10.32 billion, up 141% from Q1 and 171% YoY.
● Non-GAA...

1. Short term upward trend to continue
2. Once technical recession in the US is confirmed the trend will go downward, coinciding with the start of the downward trend. The US dollar is also expected to start to decline around the same time.
3. Aggressive rate cuts from the fed will kick in leading to further US dollar weakness, but would also cause a base to be set for US stocks . This will form the head and ahoulders pattern with the right shoulder higher than the left one.
4. Thereafter, expe...