NVDA- Anyone worried about next Wednesday(after bell)
I am calling for a market correction starting next week, if NVDA guidance for the June qtr & the rest of the year, is anything but stellar. I have said, and continue to say, the main reason this market has done so incredible is almost entirely for AI. The minute investors think things are slowing for AI, the entire market will tank, and IMO by 10%-15% real fast. We sort of got a hint with SMCI on their March qtr report, that there is "stiff competition" happening for servers. I have to assume the same will happen with AI chips for NVDA at some point.