Earlier today, Citron Research tweeted that they believe NVDA is on the way to $200. They pointed out that customers are moving away from GPU to TPU as they find it easier and cheaper. After the companies Q2 report and disappointing crypto stream, I could see this being a possibility. Especially from the head and shoulders pattern we can observe. NVDA has been a huge player in the game for so long this could be the chance for smaller companies to have break through and have a larger presence as competitors. What do you guys think? Bullish or bearish heading into 2019? Personally, I would like to see some smaller companies step it up and put the pressure on NVDA and I'm overall bearish at least for now. In the next Q3 report I would like to see some transition to TPU and an overall increased beat on estimates.
Earnings double yr/yr. just announced, yet we have long overdue consolidation from 500% run up, while AMD goes on own run. Two
players running at very different paces, is this a relay?
players running at very different paces, is this a relay?