NVDA is viewed favorably with increased conviction over the past year due to new AI infrastructure products and market dynamics.
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Your second choice, Tim, is Nvidia. It achieved record profits. It has finally broken its multi- quarterly trend of decline following the announcement of results. We have maintained this momentum.
We have risen by about 10% over the past month. What is your view of Nvidia at the moment?
Anyway, aside from that, Nvidia, you know, between this virtual inference router, I know I sometimes get bogged down in technical details, but they announced this week that they are developing this router, so that you, whether with DGX Sparks or Macs, which brings us back to Apple's choice, can set up an array of devices and use this router to turn all those nodes into one compact computer.
So, it's very exciting that "Hugging Face" has taken over, I really like it. I mean, I get most of my models from "Hugging Face" . I think it's genius what Nvidia is doing to bring those local models, especially to the United States .
I mean "Kwan" and "Kemi" and all these Chinese models, I use them, but I much prefer to use an American model. So, between these two things, plus I deliberately wore "Lululumon" clothes in honor of Michael Perry.
Keep adding to that loser, Michael. Anyway, between crushing short positions , " Hugging Face", " Memotron" and what Nvidia is doing, I know I've been bringing this up week after week, but I like it more now than I did a year ago.
Oh, "Hugging Face," that's a name I'll never get used to pronouncing, Tim, but you really are a great guy. I would start by asking that you come to us every Friday from a different location, so that we can see a few of the things you talk about with us during the week.
I want you to join us next week from atop an excavator, okay? I said it, that's my request. She offered to do so from a fishing platform during the last fishing season. The hunting season is approaching in a month.
Let's not catch anything, but you can join us from the fishing platform. We will do that. Trading from the fishing platform. We will call this section "Trading from the fishing platform".
But as we look at Nvidia's situation, it's clear that they're rising after the earnings. Wall Street really likes them, has accepted them , and was happy with the numbers we got .
What do the technical indicators tell us about the future, Tim?
Rick, Rick, sorry. certainly. Of course, " Hugging Face" is essentially a "Gate Lab" for AI assets , an online community where users can share and store this type of information.
So, we can see here that the previous high of 236.54 was the milestone we have seen so far. Another peak came slightly lower at approximately 232. So, once again , before today, it seemed as though we might not be able to surpass that level.
We reached a peak of nearly 231. But for now, we've recorded intraday highs between our two resistance zones here. It's an interesting situation where we've broken through the second-best peak, but we haven't surpassed that old one yet here.
We can also see the overall pattern now as a rising wedge shape where the two boundary lines converge towards each other , both pointing upwards , with a steeper slope along the bottoms.
Therefore, some noticeable horizontal levels are again pointing downwards; the gap that forms here at around level 213 to 214 is perhaps significant. We have seen a very strong rise recently.
There aren't many other downward areas worth watching until we get to that point, but another extreme bottom appears around 207. In this case, the moving averages show that there is no sign of trend weakening here.
We are still moving strongly upwards. You can see our moving averages diverging from each other. They are ranked from fastest to slowest. The closest is the 5-day exponential moving average in dark blue here at around 226.
So, that could be the first potential support line here. If we start to break through it, that could be an early warning sign of a change in direction. The Relative Strength Index (RSI) is still not entirely cooperative so far either.
We haven't really broken our red trend line here. We also haven't really achieved a strong new relative peak. These are some of the things that many technical traders might look for to lend more credibility to any potential breakout.
Regarding the size profile, we don't have many standout points in these top areas here. The best we can do in the shorter picture here is between 218 and 223. There is a little extra activity.
Then another area of activity here between 206 and 212.
Okay. Now, we're looking at Nvidia, which is higher during the session, up more than 1.5 percent so far today at 232.07.
What this channel has said about $NVDA
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