$NVIDIA(NVDA.US)NVIDIA below $120 is a gift🎁. Jensen Huang raised the full-year expectations for 2024 and 2025 during the Q1 earnings call. Most funds have taken profits and exited the Magnificent Seven, which seems more like uncertainty about the U.S. election. Everyone is guessing whether the Trump trade or the Harris trade will dominate, but this is just a short-term trading trend and won’t affect the market’s long-term direction.

NVIDIA redesigned a chip specifically for the Greater China market to pass regulatory approval. Jensen Huang specifically mentioned during Q1 that the Greater China market accounts for 3% of total revenue, calling it an untapped territory.