Keep an eye on Iran though.
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Red Pear Jack
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Spoony Love
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Oof, pre-market saw what I said and went the other way. I wish I had that much power
U.S. bans export of more AI chips, including Nvidia H800, to China (cnbc.com)Spoony Love said:
Oof, pre-market saw what I said and went the other way. I wish I had that much power
This caused the big drop in the futures when it hit the tape.Quote:
The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks.
The U.S. government says the new rules are intended to close loopholes that popped up after last year's restrictions on AI chip exports went into effect.
Shares of chip stocks took a leg lower in premarket trading on the news. Nvidia
was down about 3.5% while Broadcom
, Marvell
and AMD
slipped about 2%. Intel
and Broadcom
fell about 1.5%.
Those earlier restrictions banned the sale of the Nvidia H100, which is the processor of choice for AI firms in the U.S. such as OpenAI. Instead, Chinese companies were able to buy a slightly slowed-down version called the H800 or A800 that complies with U.S. restrictions, primarily by slowing down an on-device connection speed, called an interconnect.
The new rules will ban those chips as well, senior administration officials said in a briefing with reporters.
The restrictions could also affect chips sold by Intel
and AMD
. Other rules will likely hamper the sale and export to China of semiconductor manufacturing equipment from companies such as Applied Materials
, Lam and KLA.
The restrictions cut off a big and growing market for AI semiconductors, and could raise concerns that the Chinese government will retaliate economically against U.S. firms doing business in the country.
Watching Nvidia now.
$275 for SMCI would be a good re-entry point for anyone that traded it.Spoony Love said:
Watching Nvidia now.
At least small caps are looking good this morning.
Nailed the bottom
Do you have an entry point into POWL yet?ProgN said:$275 for SMCI would be a good re-entry point for anyone that traded it.Spoony Love said:
Watching Nvidia now.
I would like it at $70-75 but not sure it's going to get there. I hate chasing a stock but will buy before their earnings regardless of where it is.South Platte said:Do you have an entry point into POWL yet?ProgN said:$275 for SMCI would be a good re-entry point for anyone that traded it.Spoony Love said:
Watching Nvidia now.
I was going to buy nvda at 425 and didn't. I'm stupid.
I was watching for the 77-78 range for POWL. Seemed to be enough past volume to create a support level there.
Also, we are teasing the green monster right now. Watch out!
Also, we are teasing the green monster right now. Watch out!
Do we officially have a reversal brewing yet?
9/20 SPY gap about to fill too
SPY has already established a daily outside bar for the day. Gap fill incoming.
Sure looks like SPX wants to fill the gap.
it's teased us 3 times already with $437 resistance on 10/10, 10/12, and yesterday...me thinks today is the day...
Somebody holding the market back. Cause once it fills the gap, we are off to the races. Heineken has pointed that out already.
I never doubted WWR
Really. Charts like today make my conspiracy theorist character shine through on the market being rigged. Teasing the gap fill closer and closer is ridiculous.
Looking promising, but today is still an indecision candle (wick on both sides).TxAgLaw03RW said:
Do we officially have a reversal brewing yet?
Need today to keep rising and tomorrow to go higher and establish an uptrend.
Right now my stop would be 4310, so if you can stomach a drop to that support, entering here has a chance. But I like to wait for confirmation. No need to bottom tick with the upside we would likely see with a new uptrend.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
you're just now realizing that?!?!Spoony Love said:
Really. Charts like today make my conspiracy theorist character shine through on the market being rigged. Teasing the gap fill closer and closer is ridiculous.
(kidding) and you're not a conspiracy theorist if it's true, right???
Almost all the signs were there for the gap to fill. Only thing missing was maybe volume but it was coming. Pivoted and has red candled every 10 min mark since.
I know we laugh at Jim Cramer but his monologue tonight on "Mad Money" was really good, especially for newer traders/investors to the stock market. If you are able to find it, it's worth listening to imo.
This?
That was part of it but there was other good things that he said. I'll try to find it later. Thanks though.Brian Earl Spilner said:
This?
Brian Earl Spilner said:
This?
This is the monologue and he speaks a lot of truth about not falling in love with a stock and know when to cut bait.
At what point should we get back into NVDA given the global concerns?
It's back!$30,000 Millionaire said:
I was going to buy nvda at 425 and didn't. I'm stupid.
IIRC, NVDA makes all their chips in Taiwan. The exact chips that China isn't allowed to buy due to restrictions from our government. If China takes Taiwan, then they will own NVDA.joekm3 said:
At what point should we get back into NVDA given the global concerns?
Any word on a reverse split? I believe it's been under $1.00 for about 5 months now.
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ProgN said:IIRC, NVDA makes all their chips in Taiwan. The exact chips that China isn't allowed to buy due to restrictions from our government. If China takes Taiwan, then they will own NVDA.joekm3 said:
At what point should we get back into NVDA given the global concerns?
I thought I remember hearing that TSMC had rigged their locations in Taiwan to self-explode in the event of a Chinese invasion. I'm curious if NVDA would do the same?
NVIDIA is fabless. they do not own factories. They do use TSMC
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How many times do we test support before liftoff?
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