NVDA Citron’s Short Call On NVIDIA Also Hit Markets Friday
Andrew Left of Citron made a call to short NVIDIA (NASDAQ:NVDA). He said the stock is a “casino” during an interview with CNBC. We’ll discuss. We do not think NVIDIA is a casino.
NVIDIA: It's Absolutely Awesome...Sorry Citron.
On May 9th we went out with a very bullish call on NVIDIA just ahead of their earnings report. The next day the stock exploded to the upside. Meanwhile there were short calls on the Street leading up to the report.
Why were we so bullish? Because earnings growth has absolutely exploded. We showed in that report that earnings growth in just a few quarters has gone from 18% to 50% to over 100%
NVIDIA: It's Absolutely Awesome...Sorry Citron.
On May 9th we went out with a very bullish call on NVIDIA just ahead of their earnings report. The next day the stock exploded to the upside. Meanwhile there were short calls on the Street leading up to the report.
Why were we so bullish? Because earnings growth has absolutely exploded. We showed in that report that earnings growth in just a few quarters has gone from 18% to 50% to over 100%
When earnings are accelerating like they are for NVIDIA you have to just let it run. Artificial Intelligence (AI) is huge. Everybody’s moving there. NVIDIA leads.
Oh, and by the way, you’re seeing it in their numbers. This is not pie in the sky. It’s happening.
Stocks are up? They can even go higher, can’t they? As long as the earnings are there they can.
You just have to find the ones with the huge earnings potential.
Don’t get talked out of companies with huge earnings upside.
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