NVIDIA Daily Report (February 28th)

Author | Wall Street Major Event NVIDIA's stock price fell by 0.49% on the previous trading day, closing at 787.01 yuan, with a market value of 1.96752 trillion US dollars and a turnover of 30.853 billion US dollars.01NVDA related news [Wood Sister responds to selling NVIDIA: profit exceeds 150 times, secure gains] On February 26th, Eastern Time, Cathy Wood, the fund manager of Ark Investment Management, talked about why she sold NVIDIA (NVDA) on the social platform X. "In 2014, most investors still saw NVIDIA as a PC gaming chip company, but we chose to buy it at a price of $5. Now, NVIDIA's profit has increased by over 150 times, so we chose to take profits." 13F data shows that in the fourth quarter of 2023, Ark Invest held 148,000 shares of NVIDIA, a decrease of 34.13% from the end of the third quarter, with a market value of 73.33 million US dollars, accounting for 0.44% of total assets. It is reported that Wood Sister has been selling NVIDIA for five consecutive quarters. [Former AMD executive reveals: NVIDIA uses its market position to squeeze out competition, manipulate GPU supply] Chip manufacturer Groq recently accused NVIDIA of unfair competition, claiming that it would delay shipments to customers who also use AI processors from other manufacturers in data centers.

Author | Wall Street Big Events

NVIDIA's stock price fell by 0.49% on the last trading day, closing at $787.01, with a market value of $1,967.52 billion and a turnover of $30.853 billion.

NVDA Related News

[Cathy Wood Responds to Selling NVIDIA: Profits Exceed 150 Times, Securing Gains]

On February 26th, Eastern Time, Cathy Wood, the fund manager of Ark Investment Management, discussed on the social platform X why she sold NVIDIA. "In 2014, most investors still saw NVIDIA as a PC gaming chip company, and we chose to buy it at $5. Now, NVIDIA's profits have exceeded 150 times, and we chose to take profits."

13F data shows that in the fourth quarter of 2023, Ark Invest held 148,000 shares of NVIDIA, a decrease of 34.13% from the end of the third quarter, with a market value of $73.33 million, accounting for 0.44% of total assets. It is reported that Cathy Wood has been selling NVIDIA for five consecutive quarters.

[Former AMD Executive Reveals: NVIDIA Exploits Market Position to Squeeze Competition, Manipulate GPU Supply]

Chip manufacturer Groq recently accused NVIDIA of unfair competition, claiming that it would delay shipments to customers using other manufacturers' data center AI processors simultaneously. This statement has attracted industry attention, and former AMD Graphics Business Vice President Scott Herkelman has also joined the accusation, stating that NVIDIA exhibits similar behavior in multiple areas and refers to it as a "GPU cartel."

Twitter Opinions Summary

Traderstewie: The $SOUN earnings report on Thursday will be worth watching!

This is an AI game...

$NVDA holds shares in this company, and short interest is strong...

JustDario: Reminder: $TSMC is the company that manufactures $NVDA #GPU

Either $NVDA is a salmon swimming upstream, or their revenue growth is clearly problematic.

PT99: $AMD $NVDA both hammered today... maybe, tomorrow? SpyfratsCall: Looking at the monthly and weekly charts of $NVDA. Currently, RSIM is slightly lagging behind RSIW, with RSIW > RSID. Therefore, from a steroid perspective, it is now in a strong momentum. The RSIWeekly level of 70 will lock the price at 715.90, which is a very critical RSI level price to watch.

Diamond Trades: It might be a very wise decision with $NVDA to incur losses on call options and enter into put options.