Jensen Huang stepped down overnight and NVDA is 6.4% of the S&P 500 and 6.8% of the Nasdaq 100. Here is what that does to the indexes and why bottoms take longer than we want.
Who was brave enough to buy the dip in NVDA this morning? I was. I bought a few hundred shares in my 401k at exactly $150 at the open, nothing crazy, and I have not sold yet. It could easily go the other way from here. It is my own money, not a Maya trade, and not advice. To me this looks like a classic knee-jerk reaction, but earnings are Tuesday Nov 17 and nobody knows what comes after that, so you cannot get too brave either. Now the story.