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Trading Charts with Tim Knight - May 20, 2024 - NVIDIA Nears $1,000
Manage episode 419279841 series 68544
During NVIDIA Week, Tim Knight discussed the market's anticipation of NVIDIA's earnings announcement, expected to significantly influence broader market sentiment. With NVIDIA nearing $1,000 per share, Knight highlighted its centrality to AI and GPU demand. He also noted trends reminiscent of 2021, including SPACs and meme stocks. Key stocks like ARM (ARM) and Supermicro (SMCI) may react to NVIDIA's performance, while sectors like natural gas and precious metals show strong activity.
867 episodes
Manage episode 419279841 series 68544
During NVIDIA Week, Tim Knight discussed the market's anticipation of NVIDIA's earnings announcement, expected to significantly influence broader market sentiment. With NVIDIA nearing $1,000 per share, Knight highlighted its centrality to AI and GPU demand. He also noted trends reminiscent of 2021, including SPACs and meme stocks. Key stocks like ARM (ARM) and Supermicro (SMCI) may react to NVIDIA's performance, while sectors like natural gas and precious metals show strong activity.
867 episodes
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