Good day for my shorts in LVS and ARKK today which fell while the SPY and QQQ rose. Nvidia Earnings after the close on Wednesday. One of the things I will be watching for and which could rock the market, is what the conference call has to say about potential competition for the new Nvidia superchip.The reason I say that is I saw a nondescript article today about a new Chinese chip that is very substantially faster the Nvidia chip, if the article was true.
If it was true, and Nvidia makes any non specific mention of competition on the horizon, then that will be a developing story, with potentially large impact. If not, maybe the story was false. I have no knowledge, except the knowledge to keep my ear to the ground on this one in case it turns out to be important. In any case the cycles support a expectation of lower prices. Nvidia earnings and call could be a catalyst.
Thanks,
Joe
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