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Alibaba or Tencent instead?
nvidia got burned trying to hard in the crypto boom and subsequent bust. There are so many used high end graphics cards on the market it’s going to be a while before the dust settles. PC gaming isn’t enough to offset it.
CNBC: 'please buy tech stocks'
I would think that $BABA 's report tomorrow morning will tell so much more?
LOL!
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Two major companies on Monday — Caterpillar and Nvidia — blamed China for poor earningsCaterpillar said that demand for its equipment in China declined in the fourth quarter, a bad omen for the global economy. So when do these people blame themselves? To trade or not to trade. That's what happens when you cut off the free welfare money. The U.S. will not subsidize Chinese growth anymore.🇺🇸
Source: CNBC - 🏆 12. / 72 Read more »
Goldman warned Nvidia could blow up because of China and says these companies could be nextAccording to Goldman Sachs, Broadcom, Micron Technology, Qualcomm, Qorvo, Skyworks Solutions and Wynn get more than half their sales from China. Goldman is WangQishan's closing cooprater. It's very funny that they gave such a warning😅
Source: CNBC - 🏆 12. / 72 Read more »