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Thank you, uksausage. That's good news. GLTY & GLTA
I see the AI as a turning point in the history of mankind, better than when the Printing Press machine was invented. The latter made possible to print books for mass education and the ability to look back in history and to learn enabling progress of humanoids from generation to generation.
Humans are slow to learn as it is a challenging task, costly, requiring basic intelligence and attention and curiosity besides energy, work and time. You are just part of the 8 billion of the humans. Unfortunately yet unaware to decern the big changes. C'est La Vie. GLTY
Oh wow... Tell us... What's it? TIA
Checking NVDA chart I see a HIGH POLE WARNING today on 11-March-2024.
This is expected and usual. A st adjustment given the situation at this time. The Dailies and Weeklies are in sync and still remain in UPTREND.
The picture good as of this time. GLTA
PS: Interestingly, the current picture appears quite comparable and similar to the one experienced last year beginning early in the year 2023 so far. Exciting!
I see the AI as a turning point in the history of mankind, better than when the Printing Press machine was invented. The latter made possible to print books for education and the ability to look back in history to learn enabling progress of humanoids from generation to generation. Humans are slow to learn as it is a challenging task, costly, requiring basic intelligence and attention and curiosity besides energy, work and time.
"VERSES AI's Active Inference Outperforms Deep Learning in Historic AI Industry Benchmark Test
Denise Holt
March 9, 2024
Active Inference: A Quantum Leap in Energy-Efficient, Explainable, and Adaptable AI. In the realm of artificial intelligence (AI), a paradigm shift is brewing, and VERSES AI is at the forefront of this revolution. The company’s innovative work in cognitive computing with Active Inference promises a groundbreaking advancement in the development of Intelligent Agents, offering a more energy-efficient, explainable, and adaptable approach to AI. This cutting-edge technology is poised to challenge the dominance of Deep Learning, the current cornerstone of AI, by harnessing the power of natural computing and the “genius of nature,” ushering in a framework for distributed intelligence on a global scale."
We are living in exciting, interesting times and I think a promising future if humans long for and desire a brighter and peaceful life. All the wisdom of the past history and experience will be accessible and available in cyberspace. A symbiosis of the internet and AI.
"The Palantir rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio."
Some less discerning minds see it as being more "pump". What you see is what you get...
C'est La Vie.
GLTA
Checking the chart, I see NVDA share price is still in bullish mode after a drop of 5%-6%. As of this time, this has to be taken as a st correction. GLTA
I agree with you in general.
However, how high NVDA share price may go also depends on factors unrelated with NVDA - the impact of the larger market condition, geopolitics, domestic political challenges in USA, the economy as a whole, inflation, interest rate. etc.
Symbol NVDA
LastQuote 874.18
Change -52.51 (-5.67%)
Bid 873.66
Ask 874.23
High 974.00
Low 865.06
Volume 86,024,332
Time (ET) 1:55:02 PM
Did you sell some or all NVDA shares today? I sold part at $822 few days ago.
Doing well with your investment in Integrated Cannabis Solutions Inc.? GLTY
The current situation is far from Dot.com bubble and the market bust.
In 2000, there were several hundreds of dot.com companies in high dollar value that had been burning dollars for years and yet had shown no profit. Barron's listed them in one issue. The euphoria had spread and the market soared. I remember I made in one trade then ( in csco) netting $25,000 profits in a weeks time. That is fresh in the minds of older investors. Many small investors act like they are in a Casino in all markets. They don't have that power.
However, when things proceed too far in the chip market bad things may follow, as well.
Nvidia on cusp of overtaking Apple as second-most-valuable company
11:00 AM ET, 03/08/2024 - Reuters
By Medha Singh
March 8 (Reuters) - Nvidia is nipping at the heels of Apple to become the world's second-most-valuable company, as investors cannot get enough of the semiconductor maker whose chips power popular artificial intelligence tools such as ChatGPT.
An AI-induced jaw-dropping rally in Nvidia shares has taken the company's valuation from $1 trillion to more than $2 trillion in just nine months, overtaking Amazon.com, Google-parent Alphabet and Saudi Aramco on the way.
Nvidia's market capitalization currently hovers around $2.38 trillion, lagging Apple by just about $230 billion and Microsoft by about $645 billion.
The relentless rise in shares of Nvidia, which controls 80% of the high-end AI chip market, has been instrumental in pushing Wall Street to record levels this year, while giving the company a more than 5% weightage on the benchmark S&P 500 index.
Nvidia, which is up 95%, and Meta Platforms, which is up 46.6% so far this year, have also outperformed shares of other members of the so-called Magnificient 7, highlighting investors' insatiable appetite for everything AI.
"Nvidia's rally reflects the incredibly strong fundamentals underlying its current business model," said Richard Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
"It is also finding strong speculative support as a favorite among long option buyers who have seen almost a straight upward climb throughout 2024."
Meanwhile, Apple, which is grappling with slowing iPhone sales, ceded its position as the most valuable U.S. company to Microsoft for the first time since 2021 in January.
In recent weeks, Nvidia also replaced Tesla as Wall Street's most traded stock by value.
The stock's 12-month forward price-to-earnings ratio of 36.6 is lower than where it was a year ago despite the stock's strong run as analysts raised its profit estimates.
By comparison, Intel's PE multiple is 30.24 and that of Philadelphia SE Semiconductor Index is 39.6, LSEG data showed.
"Nvidia is in fact the cheapest of the "AI narrative" stocks out there," said David Wagner, portfolio manager at Aptus Capital Advisors.
"We continue to believe that in five years or 10 years we will all be talking about an industry that is far larger than the numbers being bandied about today."
However, there are signs Nvidia stock is nearing a peak.
Over the next 12 months, Wall Street analysts' median target price implies Nvidia would trade at $850 per share, below the last closing price of $926, LSEG data showed.
"Of course, it is very difficult for any mega-cap stock's price to continue to grow at this pace as the law of large numbers eventually comes into play. But the stock price could remain at these levels if the company can continue to meet or exceed the high expectations of analysts," Cherry Lane's Meckler said.
(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)
Price still in "ASCENDING" mode.
How about a refresher pause (Pitstop?) 'bout $930? or for refueling?
We shall see. GLTA
WELLCOME TO THE BOARD.
ARE YOU RELATED TO POWER 11?
GOOD LUCK
Cathy Wood advises: Sell NVDA and buy PLTR now. What do you say?
georgjjl: I don't understand what's bullish in that news. Care to explain why you think it's bullish? GLTY
PLTR share price ASCENDING TRIPLE TOP BREAKOUT today on 6-March-2024. GLTA
Curious how is the PPT guidance working for you? May be you could give some tips? GLTY
NVDA share price ASCENDING TRIPLE TOP BREAKOUT today on 6-March-2024. GLTA
The chart not looking good. The Dailies and Weeklies in sync apparently in search for a bottom at this time. GLTA
PS: My NVDA and other 5 AI stock shares are doing fine to help balance the damage Tesla share price failure is causing to my stock portfolio.
Cathie Wood is interesting. After hearing her more than 5 years, she responds to the questioning media saying "the disruptive innovative change industries should be looked not at any year but only at least 5-year long terms... having in mind in 5 year periods ahead.
That is a standard response, that makes the period undefined because there is no such definite date but a check of statis in 5 year periods". There is no promise but saying the long term will usher the rewards. No date is known as the end of the disruptive change is too challenging and problematic therefore unknowable to even guess...
May be she she is hinting the 5 years as leading the unknown "long term" as being open ended, will be known only AFTER IT HAPPENS.
While in the meantime she and many others keep pushing Tesla share price will be valued per share in $2,000/3,000/5,000/10,000, etc. projections while making it sound like it's coming SOON.
Well in one sense she will be right and everybody will know it AFTER it happens sometime in the unknown date in the future... "cause these are exceptional disruptive innovations" that will change old traditional industries bringing in the new. The 5 years meaning "unknown" duration of time. Its hard to know as they are disruptive a myriad of challenges impossible to know in advance along the way. Big and drastic changes in any society like transformation of the transportation industry from ICE to EV.
BBAI share price LONG TAIL UP today on 4-March-2024. GLTA
PLTR share price HIGH POLE WARNING today on 4-March-2024. GLTA
Intel share price QUADRUPLE TOP BREAKOUT today on 4-March-2024. GLTA
DIS share price TRIPLE TOP BREAKOUT today on 4-March-2024. As expected. GLTA
Right. Tesla share price intention was clearer and stronger than optimism and the cultish following.
The extreme and over used pumping on you tube... by Wood, Palypathiya and many others of the same ilk kept and keep pumping while the dumping is revealing the real story- the many disappointed Tesla long term bagshareholders. Keep holding while the traders have fun... The game must go on.
Everybody got it already.
It is for the LONG TERM, stupid!
C'est La Vie.
GLTA
Interestingly now NVDA share price seems to be challenging the law of gravitation.
Does the law of gravitation apply to stock share prices as well?. That is the question.
Hmm... human intelligence knows and lives with in accordance with the law of gravitation in the the material domain.
However, we seem to be dealing with another dimension of reality. Imagination has no limits
AI created by humans seems to suggest that natural laws apply in nature. But AI seems to suggest share prices have no bounds and belong in the domain of imagination.
Amazing NVDA! GLTA
Soun & Bbai
It seems to me a correction is more likely soon than the continuation of near vertical price climb, but a magnificence is present in the picture and ready to lead share price based on the record of its past performance. Did it mean what I wanted to convey? IDK. GLTA
PS: My day order to sell few shares at $822 filled and I have day orders to buy 2 new low price budding AI stocks. I already have 2 others in my port besides NVDA. This the age of AI! Celebrate!
The chart looks good.
We are still looking forward for the Weekly to confirm the Uptrend we are seeing in the Dailies in the last 5 trading sessions. GLTA
TrendSetter, unfortunately I notice that too many short term traders and trading is affecting the share price of Palantir, Inc.
In the AH trading the share price ended down from $24.93 down to $23.97.
That's more than 4% down already.
Knowing such dominating group of those involved gives a better clue for their impact. Thank you.
It looks like next week may turn into an important week for Tesla share price.
The Dailies have been in Uptrend since Feb 26, 2024 Bullish Triangle Breakout. Important to note that they remained in Uptrend... regardless of the poor performance of Tesla share price since that Breakout.
However, the Weeklies have not yet confirmed that since that time. Apparently the dynamic pulse was not enough to do that. Yet I see that the Weekly by yesterday market closing indicates a buildup of +10.67 points- a 5.56% advance for next week.
Any potential further progress in share price next week may likely result in the activation of the Weekly confirmation of a FULL Uptrend in the share price. It depends on the likely intensity of the P/V dynamic and the dominance of Demand in trading activity.
Next week could be an interesting and exciting week for Tesla.
We shall see. Happy Weekend & GLTA
Tesla Amplifies Incentives in China to Stimulate Electric Car Demand Amid Intense Price War
March 01 2024 - 06:42AM
Tesla Inc. (NASDAQ:TSLA) is escalating its efforts to invigorate demand for its electric vehicles in China, introducing significant incentives to counteract the fierce competition, particularly from BYD, in the paramount EV market globally.
In a strategic move disclosed through its Weibo account on Friday, the American electric vehicle giant announced that purchasers of its available stock of the rear-wheel drive variants of Model 3 and Model Y throughout this month would be eligible for substantial incentives and discounts amounting to thousands of dollars.
The incentives include insurance subsidies up to 8,000 yuan (approximately US$1,113), effectively reducing the prices of the Model 3 and Model Y to CNY245,900 and CNY250,900 respectively, translating to a price reduction of over 3% for each model. Additionally, Tesla is offering a CNY10,000 discount on selected body paint colors, further sweetening the deal for prospective buyers.
This latest initiative by Tesla is a response to the intensifying competition and widespread price reductions within China’s automotive industry, as manufacturers vie for a larger market share amidst decelerating vehicle sales and surplus production capacity in the world’s second-largest economy.
Tesla’s move follows closely on the heels of recent price adjustments by BYD, the leading electric vehicle manufacturer backed by Warren Buffet, which recently surpassed Tesla in global EV sales. Last week, BYD announced cuts exceeding 10% on several of its models and introduced new versions of four vehicles this week, priced significantly lower than their predecessors.
Analysts Kelvin Lau and Evelyn Zhang from Daiwa Capital Markets highlighted the impact of BYD’s pricing strategy, noting that it is “exerting pressure on the overall industry” and “intensifies competition among new-energy vehicle makers for 2024.”
In January, Tesla proactively reduced the starting price of its entry-level Model 3 by 5.9% and the Model Y by 2.8%, indicating the company’s ongoing commitment to maintaining a competitive edge in the crucial Chinese market amidst an escalating price war.
Agree the Weekly chart is looking good. It's hard to explain why many Insiders are selling. Over the years the share price has been disappointing in performance. Probably times are different now. We shall see $30 hopefully next week. Happy Weekend & GLTY
Even though I see your point Carl Swenlin I am still open and am an optimist. I think Elon is smart and resourceful and may also surprise us commoners. We shall see.
LWLG share price Double Bottom Breakdown on 1-March-2024. GLTA
However, that "unbreakable and quiet glass" appears to have become also at this time the unbreakable at about $204 resistance price level. If price can't break it, it can't go any higher. We shall see. It seems Elon can't help it. Quo vadis Tesla?
Day order to sell few NVDA shares at $822.00
PS: Hoping it won't happen, lol.
PLTR share price has a SPREAD TRIPPLE TOP BREAKOUT today on 1-March-2024. This following Tuesday's Double Top Breakout is impressive indeed. GLTA
PS: I wouldn't be surprised if a sudden price jump happens! However, the Insider selling shares in the millions has also increasing as well. Who may win? We shall see.