Everything's Alright, Everything's Fine
I feel no new risks or damage, only a push-up for most of my stakes on Wall Street, when the market's flagman NVIDIA (NVDA) posted blockbuster earnings and guidance to refresh historical highs again. So, surging demand on GPUs (graphics processing units, for those that have been living under a rock for the last few years), as well as other AI chips and services "worldwide across companies, industries and nations", in the words of NVIDIA's chief executive Jensen Huang, are confirmed to prolong the boom. This is exactly what is behind new all-time records, now above 5,050 points, for the S&P 500 (US500) futures. Another incentive for crowds and experts to raise their target prices for many other AI-led companies which still constitute the foundation and strong pillars of my stock portfolio.
Advanced Micro Devices (AMD) added more than 5% to climb to $175, leaving behind its recent two-day correction. Broadcom (AVGO) gained 3.3% in today's pre-market to launch the third-time retest for its historical resistance area around $1275-$1295 per share. This company joined the club of the Wall Street's top ten in terms of total market caps, yet it has a good opportunity to rise more ahead of its Q4 report, scheduled for March 7. I would only keep it under my radar that day in order to catch a proper moment to split my stake in case of any guidance problems during the conference call. The same approach could be applied to CrowdStrike (CRWD), which lost some part of its market value in the middle of the week, but only because of its rival's Palo Alto (PANW) failure. Palo Alto was, indeed, the main IT loser of the month among popular stocks, but I happily didn't invest in it. As for CrowdStrike (CRWD), it already covered nearly a half of one-time loss, and the only necessary thing to do is also to monitor its behaviour on the day of its quarterly report on March 5. I also see a healthy and climbing picture for Qualcomm (QCOM), which has already posted its Q4 results and may be above suspicion till April. My consumer staples including November's purchase of Walmart (WMT), newly acquired stakes in Procter & Gamble (PG) and Mondelez (MDLZ) are also growing to the upside.
The door to the next heaven for the broader market is open. One proof that is more indirect came from Japan where trading floors literally erupted in cheers in response to the event that Tokyo investors were waiting over 34 long years. The Nikkei 225 (J225) main index of the country of the rising sun hit its next height since the very end of the roaring 1980s and first time closed the session above well-forgotten levels. With the weakening Yen strongly helped the achievement, it is still great and adorable, at least as a litmus test for not only the US or European, but global rally continuation. As for me, everything's alright, everything's fine. And so, I'm going to sleep well tonight and almost every night in the course of, at least, two or three months ahead.
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