by Silver Singularity
Hi Slopers, time for another post and, boy, what a year so far!
Where to start? Well, NVDA I guess! What happened with that stock is the most mind-blowing thing I have ever seen so far, and I’ve been trading since 2012, even TSLA in 2021 wasn’t even close to being as impressive as this one.
The only thing I can recall that felt the same was Bitcoin in 2017 and 2021 but even if crypto is behaving like a risk-on asset it’s just not comparable to stocks IMO.
For some perspective about how strong that mania has become, at $973 on Friday NVDA was up 97% and a whopping $1.2T (almost) in market cap added YTD.
(more…)