GregTheAnalyst

WHY AM I SHORT NVIDIA ???!!! Nvidia most important stock in the world, and I think its gonna drag the whole market down with it. Nvidia's buyers are spending far more than they earn, so Nvidia has started bankrolling them itself, and anyone holding an S&P 500 index fund is sitting right on top of that loop. Jensen Huang went on TV 3 times in a week to tell you his GPUs last 8 years and that the neoclouds borrowing to buy them are a great investment. When the guy selling the chips starts vouching for the people who can't afford them, it's time to look for the exit. CoreWeave's own lenders wanted 9% in April and wanted 15.6% in October (probably even more as of now), and the stock is down over 70% from its high, so I'll take their word over his. Cisco ran the same play in 2000, when it was 4% of the S&P 500, and it went on to lose 89% while the index lost half its value. Nvidia is 8% of the index, and its 5 biggest customers are another 20%. The day after the midterms the Nasdaq jumped 2% and Nvidia fell 1.9%. Today it’s diving more and everything is following. When the most important stock in the market sits out a rally like that, you better pay attention. I'm short, the stock is below its 200-day moving average, and a close under $200 is where I press it. I've put the whole case into a report, including when I expect this to show up in Nvidia's numbers and the order I think the rest of the market's leaders roll over in. Read it here: