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Show Notes

Breadth

* 96 New highs

* 228 New lows

* 72% ADV 23% Dec

* 67% under 50 day

I noted on the Tue session that there was a battle between yields and risk assets where both were rising at the same time, and that this had to resolve.

Thursday, everyone will be talking nvda or jackson hole. No one will be talking how yields fell today. That gave more tailwinds intraday than any anticipation of $NVDA.

Up big after hours. As high as 520.. Settled in at 500

Beat expectations and raised

Noted that $1T TAM in data centers are going through a new cycle of upgrades

* Upgrading to regenerative ai capabilities

* Upgrading tech in general to keep up

Working with VMWare. Name dropped Meta, Google and others

How much of it is priced in?

Jensen Huang, Founder And CEO Of Nvidia Says "A New Computing Era Has Begun. Companies Worldwide Are Transitioning From General-Purpose To Accelerated Computing And Generative AI"

08/23/23 4:21 PM

Nvidia, NVDA approves $25 billion in share buyback.

Let's see how the earnings call goes and tmrw. Will news be bought or sold? How will price react to overhead ma?

10 Yr fell today finally, giving some reprieve

Cup and handle measured move could be 4538

Strong

Weak

$FL , $NKE , $PTON

What to watch

* Yields

* Fed speakers at Jackson Hole

* Jerome Powell Friday 10:05am

* $NVDA keep its gains or sell the news?

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Podcast EP 35 "A New Hope" (Aug 23) 09:50 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 35 "A New Hope" (Aug 23)