AMD popped 13.65% and Intel 3.25% on good earnings for Q1 2018 today. Will Nvidia do the same thing on 5/10?
Cryptos and stocks are linked forever now, but listening to Wall Street analysts day in and day out makes it clear that most on the Street do not get crypto. When there is an arbitrage of information and expertise like this, things like double-digit earnings pops in large-cap companies can happen - like they did today with AMD.
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AMD surprised the markets by reporting better-than-expected earnings and making it clear they were not only not hurt by their exposure to cryptocurrency technologies, but perhaps better off for it.
Anyone in the crypto community could have told you that, and crypto-savvy traders made big money with that knowledge with AMD's earnings pop.
INTC's stock popped on earnings as well for similar but different reasons.
Will NVDA do the same thing?
Nvidia's main technologies (GPU's) are better geared toward crypto mining than AMD's main tech (CPU's),
GPU's are way up in price (about 80%) as demand continues to climb (and will only climb faster with rising crypto prices), and
NVDA's chart looks like it has room to run - similar to AMD's - with favorable technicals.
Nvidia could be a winner ahead of earnings. . . or is the news already baked in? Given the lack of expertise of Wall Street in regard to crypto, an upside surprise from NVDA could be in store.
💰✨Remember… Every single person is their own trusted expert and seeking to promote yourself in that role is vital today, now more than ever.
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