My viewpoint is that it serves as a directional indicator of trends. (It does not constitute any investment advice; it only represents my personal opinions and I do not assume any responsibility.) If you trade after reading the post, it will be assumed that you invest at your own discretion.
The US stock market correction is over. If Nvidia rises, then chips, memory, and crypto will all rise. No need to look at technical indicators anymore.
$NVDA By the way, it was the Republicans who forced Jensen Huang out. You heard that right—the Republicans. There are several factions within the Republican Party. After the party's midterm election losses, some members abandoned Trump and turned to Jensen Huang as a scapegoat. Some people compare Jensen Huang to Steve Jobs, but Huang is far superior to Jobs. The members of Huang's board are all his friends. Information isn't shared among the executives of the dozens of departments under Nvidia, so Huang has to coordinate them all.
$NVDA NVIDIA can only prop up the stock; if it doesn't, Jensen Huang will make a comeback 😂. The reason is that a fall in NVIDIA's stock price would lead shareholders to demand that the board bring Jensen Huang back. Another point is that the dozens of executives under Jensen Huang don't share information; everything, including customer information, is coordinated through Jensen Huang.