Nvidia Aggressively Bought, Russia Fires First Intercontinental Ballistic Missile, Adani Indicted

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Nvidia Dips Aggressively Bought

Please click here for an enlarged chart of NVIDIA Corp (NASDAQ:NVDA).

Note the following:

• This article is about the big picture, not an individual stock.  The chart of NVDA stock is being used to illustrate the point. As full disclosure, NVDA is part of The Arora Report’s ZYX Buy Model Portfolio.
• The chart shows the dip in NVDA stock has been aggressively bought.
• The chart shows that NVDA stock dipped into the support zone after earnings.  The buying in NVDA this morning has been extremely aggressive as illustrated by the fact that NVDA traded as high as $149.40 vs. the prior high of $149.77.
• The chart shows the NVDA bounced from the support zone to the resistance zone.
• As of this writing, NVDA stock is very volatile.
• In The Arora Report analysis, a tell for the stock market will be to see if NVDA stock breaks out or retraces back to the support zone.
• Nvidia reported earnings better than the consensus numbers, better than some whisper numbers, but less than the top end of the whisper numbers.
• Overheating was a big concern going into earnings.  It appears that most of the overheating issues have been resolved.  Here are the key points from Nvidia earnings:
  • Nvidia CEO Jensen Huang said, “The age of AI is in full steam, propelling a global shift to Nvidia computing.”
  • Blackwell demand is likely to exceed supply in FY26.
  • Hopper demand is also very strong.
  • Nvidia is working on the next data center architecture that will improve production yields.
  • Nvidia expects enterprise AI, industrial AI, and robotics to continue to increase.
  • Nvidia beat on revenue.
    • Data center revenue and automotive revenue hit records.
    • Gaming revenue increased 15% from last year.
    • Professional visualization revenue increased 17% from last year.
• The fact that NVDA dips are being aggressively bought is helping the overall stock market.
• Also helping the stock market this morning is Bitcoin (CRYPTO: BTC) approaching $100K.
• Sentiment is extremely positive.
• Investors are buying stocks and cryptos with total abandon.  If it was not for the positive seasonality and year end chase, this kind of reckless buying would have resulted in increasing the protection band because extreme positive sentiment is historically a sell signal.  However, The Arora Report call remains to buy the dips because the year end chase is likely to trump …

Full story available on Benzinga.com