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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,012
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Nvidia falls hard after hours and makes of a mess of Nasdaq futures after the government moves to block AI chip sales to China. The company expects to lose up to $400 million in sales per quarter (1.6 billion per year). Ooof!

www.protocol.com

Nvidia, AMD warned of new US export restrictions on AI chips

The U.S. government has issued new export licensing requirements to Nvidia and AMD for export to China and Russia of the advanced GPUs used for AI.
www.protocol.com www.protocol.com
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,782
3,606
136
FelixDeCat said:
Nvidia falls hard after hours and makes of a mess of Nasdaq futures after the government moves to block AI chip sales to China. The company expects to lose up to $400 million in sales per quarter (1.6 billion per year). Ooof!

www.protocol.com

Nvidia, AMD warned of new US export restrictions on AI chips

The U.S. government has issued new export licensing requirements to Nvidia and AMD for export to China and Russia of the advanced GPUs used for AI.
www.protocol.com www.protocol.com
Click to expand...
Good. Glad to see it.
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,782
3,606
136
NVDA is $144 in premarket. It's hard to believe they will reach their prior highs any time soon. The dirty words they try to avoid in earnings (mining and crypto) are essentially severed from their business.

Edit: 40 minutes in an they are at $138. New lows of the year.
 
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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,012
2,682
126
Ken g6 said:
I read this last night and now all I'm seeing is doom and gloom. :(

www.marketwatch.com

‘Prepare for an epic finale’: Jeremy Grantham warns ‘tragedy’ looms as ‘superbubble’ may burst

A “superbubble” appears dangerously near its "final act" after the recent rally in U.S. stocks lured some investors back into the market just ahead...
www.marketwatch.com www.marketwatch.com
Click to expand...

It's always darkest before the dawn. When the Fed is done stopping inflation things will be a lot better.

Until then.....
 
PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
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AdamK47 said:
NVDA is $144 in premarket. It's hard to believe they will reach their prior highs any time soon. The dirty words they try to avoid in earnings (mining and crypto) are essentially severed from their business.

Edit: 40 minutes in an they are at $138. New lows of the year.
Click to expand...
Can day trade it (on a long buy) hoping for a one day bear market rally to try and make a few thousand $ or whatever profit. But that's often an exercise in frustration for me attempting to be right twice, once to pick the NVDA bottom and 2nd to pick which day for a rally. At least I can have some fun doing it since I can afford to lose the whole buy in even if the stock tanked 90% or more.
 
PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
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106
And speaking of a rally there is a mini rally going on now in mid day. NVDA went up 5 points from its low earlier today. Some of us with our buying capabilities could've made hundreds or thousands on that 5 points.

And of course I missed it completely, I guess only a few could pick it. I didn't do any trading so far today. Anyway now the Nas and NVDA are going back down a bit so it looks like the intra day rally could be over.
 
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PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
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106
FelixDeCat said:
Nvidia falls hard after hours and makes of a mess of Nasdaq futures after the government moves to block AI chip sales to China. The company expects to lose up to $400 million in sales per quarter (1.6 billion per year). Ooof!

www.protocol.com

Nvidia, AMD warned of new US export restrictions on AI chips

The U.S. government has issued new export licensing requirements to Nvidia and AMD for export to China and Russia of the advanced GPUs used for AI.
www.protocol.com www.protocol.com
Click to expand...

It looks like the restrictions got partially reversed today Sept 1:

www.cnbc.com

Nvidia says U.S. government allows A.I. chip development in China

Nvidia said Thursday that the U.S. government told it that it can continue to develop its H100 artificial intelligence chip in China.
www.cnbc.com www.cnbc.com

And the time of the article is before 1 pm EDT, so possibly a reason for today's mid day rally for NVDA and the markets? I know NVDA fell from yesterday but it had a decent rally from its low today.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,012
2,682
126
PlanetJosh said:
It looks like the restrictions got partially reversed today Sept 1:

www.cnbc.com

Nvidia says U.S. government allows A.I. chip development in China

Nvidia said Thursday that the U.S. government told it that it can continue to develop its H100 artificial intelligence chip in China.
www.cnbc.com www.cnbc.com

And the time of the article is before 1 pm EDT, so possibly a reason for today's mid day rally for NVDA and the markets? I know NVDA fell from yesterday but it had a decent rally from its low today.
Click to expand...

Dagnabbit I wanted more market meltdown.

😒
 
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PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
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106
^ Me too I secretly want more meltdown of stocks since I'm mostly in cash & waiting for a bottom to pounce on it.
 
JM Aggie08

JM Aggie08

Diamond Member
Jan 3, 2006
8,414
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Looking like everything is going to be on sale soon. Time to move some more $$ into our brokerage account.
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,782
3,606
136
The market has been pricing in events further and further out over the years. Those at the top off the food chain have predictive analytics and the ability to shift when new data enters the stream. It gives them the edge that no individual investor can ever hope to match. It's why markets move in the present for expected events months out into the future. A recession plays a big role. The depth and length of it factors into when rate increases will stop and potentially when rate cuts will occur. The recent job numbers enter and effect data modeling for these events many months out.
 
PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
143
106
I didn't really know about inverse ETFs or short ETFs until recently or I had forgot about them. I've known about shorting individual stocks and how that works. And that shorting single stocks can result in massive or "infinite" losses much greater than your original investment if the stock goes up too much. I understand that won't happen with inverse ETFs but if anyone has general advice on buying them during this downturn or future market downturns.
 
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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,012
2,682
126
The market seems like it wants to jump out the window today but keeps changing its mind and talking itself off the ledge.
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,782
3,606
136
I had assumed the pump and dump was orchestrated by the collective smooth brain power of the highly regarded on wallstreetbets. Ryan Cohen was named in the lawsuit. What role did the CFO have in any of it?
 
brianmanahan

brianmanahan

Lifer
Sep 2, 2006
24,625
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136
FelixDeCat said:
The market seems like it wants to jump out the window today but keeps changing its mind and talking itself off the ledge.
Click to expand...

7G3zITG.png
 
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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,012
2,682
126
AdamK47 said:
I had assumed the pump and dump was orchestrated by the collective smooth brain power of the highly regarded on wallstreetbets. Ryan Cohen was named in the lawsuit. What role did the CFO have in any of it?
Click to expand...

I don't see why those monkeys trust anything RC says or does. All he does is profit off them. Still in his mid 30s and made 100s of millions with his stupid shenanigans.

Even Gamestop has done nothing but lose money since he has been monkeying around with it.

One hundred years from now, RC will be remembered as the pied piper of memesters, getting people to YOLO $80 call options on a $20 stock he dumps on their head.
 
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