πππThe pre earnings tech slide is not a structural breakdown. It is a classic panic room creating a gift wrapped technical Gold Pit.
$NVIDIA(NVDA)$ has just aggressively snapped a painful 7 day losing streak to lead a violent pre earnings recovery!
NVIDIA has completely reversed the downward trend to rise 2.2%, snapping its worst slide since 2022 & lifting the entire semiconductor sector out of the mud.
Why did it suddenly bounce back? Because Wall Street realised it was being ridiculous. Analysts at Bank of America slammed the table, calling NVIDIA's pre earnings valuation discount "fundamentally illogical".
I am in the Gold Pit Camp which looks past headline noise. This is supported by analysts predicting a massive Q2 revenue doubling up to USD 92.2 billion.
NVIDIA is the King of the AI revolution. Trying to bet against NVIDIA is the equivalent of trying to stop a bullet train with my bare hands.
@Tiger_comments @TigerStars @Tiger_SG
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