NVDA fundamentals (70%+ growth, moat) outweigh technical weakness; dips are buyable.

So, you have the quote circular financing of Nvidia and Broadcom where they're more or less pulling money off of their balance sheet or using their balance sheet to go borrow more money, but they're not selling equity stakes in those companies. That's one form of circular financing.

Moving on to Nvidia. Started the week at 230. A steady slide, consistent slide all week for Nvidia. Shares were down over 5% this week, close at 218.

Jensen Wong was at a Goldman Sachs conference and he said that AGI has quote arrived. I think he said this on X, but he followed up with statements that we'll talk about here in a moment at a conference.

This all comes as OpenAI's GPT6 Astra got launched and it is an incredible incredible piece of technology and it is I think a preview and a window what's to come later this year and really as you get into next year as these Reuben systems made by Nvidia are just now making their way into data centers across the country and those next set of training runs they're going to get bigger and bigger and that is what GPT6 was on.

Now, Jensen Wong is highly confident in 70% growth. This is a reiteration of what the company announced from an earnings standpoint last month. He added that they would actually be growing more than a 100% if the demand wasn't constrained by memory prices and in his words also that data centers are constrained from a power perspective and been able to get stand up.

Now Huawei a competitor in China continues to raise its advanced AI chip prices by over 60%. So this is another way that Nvidia just keeps its moat is its competitors have to raise its prices as well.

Now, the company is facing potential DOJ probe over its $20 billion Grock licensing deal. Now, this is Grock with a Q. This is not Elon Musk or SpaceX's Grock. This is a different company that made computer chips or inference chips that are now being paired with Nvidia's GPU systems.

This wasn't an acquisition. This was a quote licensing deal in order to get around some of the regulatory hurdles and also bring the Grock team inhouse.

I remember the company got acquired like on a Friday and Monday they show up to the San Jose offices of Nvidia. Some US lawmakers believe that maybe this was an unfair takeover and could weaken competition.

Although I think that's on shaky ground given the fact that you have Qualcomm, you have Marll, you have Broadcom, you obviously have AMD, Intel. They've all got competing chips.

At the end of the day, this might be just a fundraising effort as lawmakers aren't dumb. You threaten some stuff and then you get your palms greased and then all of a sudden the threat of a DOJ lawsuit goes by the wayside.

Nvidia made I mean I guess we can call that a higher high. Some people would say this a double top. It's hard to say but that all said all your moving averages are positive. You're right on your shorter term moving one further pullbacks probably going to be buying the dip.