Nvidia About To Go PARABOLIC!?🔥*URGENT*

So, even though Alphabet increased their CapEx again, which are you surprised? I'm not surprised. Meaning other hyperscalers are going to probably do the same thing. Amazon, Meta, all these hyperscalers, even though we're seeing CapEx increasing, right? Nvidia, well, Nvidia is selling off. And I know it's not just, you know, we we can't just focus on the short term, but you would have thought Nvidia would pop today again as the AI race is accelerating. It's on, and all these companies are increasing their, you know, most likely all of them are going to increase their CapEx. Alphabet already did. You would have thought Nvidia would run, but no, it sold off. And eventually, look, it will be reflected in the stock price, in my opinion. Uh some could argue it's already in the, you know, baked in the stock price. I don't know. Is it? Is it not? What do you guys think? I I I don't think it's fully baked in, but some would argue it is. Uh but listen, man, these companies are increasing CapEx. Google's doing it. Why do you think Amazon, a lot of these stocks sold off today? It's because they they know what's coming, you know? Amazon's going to increase CapEx, free cash flow is going to get hit even more, like Alphabet's, which just went negative for the first time in God knows how long, right? So, all these companies now, they're they're going even deeper as the AI race is only accelerating. And these companies listen and guys, at some point, you know, the the CapEx spend, it's going to slow down. It's not going to be going up into infinity and beyond, right? But the reality is, if one of the big giants, tech giants, ups their CapEx, right? For now at least, um these these other competitors, they can't fall behind. They got to keep upping it and, you you competing, right? Building more infrastructure, spending more money for that future opportunity. That's where we're at. We're in this race where if one company ups it, most likely the other ones for now, like Amazon, Meta, they're going to be increasing their CapEx as well. And, you know, at this point Amazon sold off about, I think, I forget percentage-wise, now that I think about it, let me pull it up. Amazon went down a whopping, can I even freaking see right now? Hold on, guys. Amazon 4 and 1/2% 5% red day, and earlier in the day, um it got down to about 232. So, it got hit because investors know what's coming. Free cash flow is going to get hit more, margins, um you know, CapEx is going up more. And, you know, so some short-term you know, some investors think too short-term. They don't like it, the stock goes down, but I think it's a it's a long-term opportunity. Not for every stock out there, uh but for a select few here, they're making the investments, and I think they're going to pay off. They're going to be able uh to monetize all this CapEx. So, Amazon dumped, uh stocks like Meta ended up taking a big dump as well, 3-4% today, uh which Meta was just at almost 700, now it's barely holding above 600 by a thread. So, again, these companies, as expected, um are increasing um their spending. That is why widely known now, and the market is reacting, um you know, and Nvidia, going back to it, let's pull it up. We we still have that inverse head and shoulders. It's there, you know, you got the left shoulder, the head, the right shoulder. My alert's at 215. We tried breaking out, and something told me Listen, something told me that this was going to happen, you know, this type of reaction. And here we are, we're now at 208. And look, the uh the head and shoulders inverse head and shoulders is still intact. And even with this pullback, we're still maintaining uh forget about the inverse head and shoulders for a second. >> [cough] >> We're still [clears throat] maintaining higher lows. You guys can see it right here. Excuse me. You guys see right here. We're maintaining the 50 SMA on the 4-hour chart and the 180 SMA, which is critical, right? Uh let me tell you guys, that's an ideal level for the bulls to hold. Right around 205, 210, they need to hold that spot. If this trendline breaks, if we fall through the 180 SMA, that's going to be a little alarming. In the short term, that could potentially bring Nvidia uh back under 200, but we're not there. We're holding on tight, guys. And as for what I'm doing, look, you guys know I'm long Nvidia. It's my second biggest stock holding. I did sell some calls a couple days ago. You guys probably remember. I think I mentioned that in my video, and I post all my moves in my Patreon, by the way. You guys know that. I post my, you know, portfolio updates, my trades, investments, options moves, right? So, I sold some calls, 217.50 calls that expire in a week from tomorrow, so next Friday. Uh you know, I I was sweating it out a little bit, guys, when Nvidia got to about 214. I was like, "Uh maybe I should have sold the 220 calls, 225." Uh but yeah, it sold off to 208, and I think there's a decent chance still those calls expire out of the money. I keep my shares. Now, look, guys, even if the stock starts moving past 217.50 over the coming days, who knows. Um I could always roll uh roll the options and keep my shares. That's always an option. No pun intended, right, guys? Um so, that's a quick breakdown on Nvidia. The overall breakout spot still remains at $215 a share 220. If we're able to get out of there, man, whenever that is, this thing's going to go ballistic in my opinion, and I'm holding on tight. So, that's a quick breakdown on Nvidia. Other stocks in the space, AMD's been flat, man. The stock went down, I guess, a little bit on the day, but it's been flat over the last couple of weeks. Earnings are coming up on the 4th. Big report coming up for AMD. One of the most, you know, crucial reports for earning season regarding the AI trade, part of the AI trade, at least. Now, now the AI trade's broadened so much, but, you know, obviously, AMD and Nvidia very important. They're kind of at the top of the trade. So, this thing's been stuck at about 540, 50, that range for a couple weeks. And clearly, if I zoom in, we have resistance at 560. You guys see it clear as day here on the chart. And if this thing takes out 560, man, which it's too early to tell, although we are testing it right now, 550, 60. If we're able to get out of there, guys, this could finally, finally, as if it hasn't moved a lot, but this could really start to go for the next leg up, believe it or not, you know, especially if guidance is very strong. I'm also watching Broadcom, ticker AVGO, which you guys remember, we covered it after they reported earnings, the stock tanked, and I said, "I don't think it's going to go much under 400." You guys remember that. It got down to about 360 as the overall AI trade saw a lot of pressure, but now it's actually getting back towards 400. We closed at 392. The stock's actually trading above the moving averages for the first time in a couple of weeks. And if I get the the tool out, let me show you this here, guys. We're clearly, um, you know, starting to break out slowly, right? We're we're testing the top, starting to break out of this channel. So, I like the way AVGO is setting up right here, guys. And overall, SOXX SOXX is the iShares Semiconductor ETF. It had a 3/4 of a percent red day, but it looks decent, man. The pullback was much needed. We hit 655. Now, we're at 550. Nice flush out maintaining the uptrend. Same thing with SMH, you know, another one from VanEck. This one is at 580. We hit 670, you know, down about 90 points, 13%. Not bad. Holding the uptrend. The one-year chart looks good. Same thing on SOX on the one-year chart. We're looking good, guys. When in doubt, zoom out. I know I say that a lot. So, that's uh that's that's a quick breakdown, you know, AI AI stocks saw a little bit of volatility today. Not all of them, uh but I think overall, there is opportunity still. And Micron, believe it or not, we'll wrap it up here, um, had a nice green day, 3.2% up, trading at 990, but it's not out of the woods yet. It's not. My alert's at 1,025 a share. I need to see it take out the highs from the middle of this month, earlier this month. And uh if it does, hey, if it takes out that 180 SMA as well, this could be flying, uh but we're not there yet. Keep that in mind. And sentiment isn't the best right now. It's not terrible, but sentiment's a little rough, um, and we are in the you know, when it comes to the fear and greed index, we're tipping into fear, which is a good time to buy, but you also need the guts to hold when you buy and ride through, um, excuse me, the volatility, right? So, what do you guys think? Let me know in the comments. Hit the like button. Make sure to subscribe. Do all that stuff. Join the Patreon if you want to keep up with my portfolio updates. Be a part of my private Discord. All that's linked down below, pinned in the comments, or go to stossurfest.com/patreon. And with that being said, cheers, guys. I'll see you all in the next video.