rwoods187

NVDA - Crypto junky in Search of a hit!

Short
NASDAQ:NVDA   NVIDIA
I remember when I got a 16mb Voodoo graphics card when I was 10-12. Best card I ever had. Played Diablo 1 and Warcraft 3 for days. Nvidia is a good company, but really their recent growth worth mentioning is crypto. Now that Btc price is picking up, it is no guarantee for Nvidia. Lots of Alt coins were mined last year and a boat load of cards are sitting around collecting dust. Heck to buy a 1080ti is big money still! Even used!!! Yet it doesn't reflect in sales. The whole semi market is growth slowing and the chart reflects it. I wouldn't short yet, as we get closer to earning report. This is going to be an ugly Q2 earnings season this summer. Like when you wake up from a drunken stooper and you dragged some mammoth home from the bar and the makeup is all over your second pillow.
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