Charles Green here, Senior Market Analyst here at Traders Agency.
Here’s today Market Pulse 360.
Market Pulse 360 for May 25, 2023
NVDA’s earnings reported last night were described as “unprecedented” and “unfathomable”. The forecast NVDA provided was even more impressive, having positive externalities for AI and the tech sector in general going forward.
The stock performance has just been stellar since the market bottom in October 2023, and it will continue to greatly outperform all tech stocks for the foreseeable future. Why? NVDA currently has 80% of the market for the semiconductor chip that powers AI.
AI is revolutionary. It’s the new frontier for technology, tantamount to the Internet revolution 25 years ago. AI will power tech and the NASDAQ for the next 20 years, changing the way we live, work, and play.
NVDA earnings report indicates a fundamental shift by companies and organizations toward AI spending. It’s imperative to stay competitive, move the needle with efficiencies, and keep up with the arms race in AI. I cannot overstate the efficacy of AI and benefits to the tech sector.
The NASDAQ futures are up big, recognizing the magnitude of NVDA’s earnings report; and, this morning Speaker McCarthy indicated that negotiators for raising the debt ceiling have made “significant progress” toward a deal. Once this is done, the market takes another big move up by removing the uncertainty over default on US debt.
With NVDA’s explosive earnings, a Fed definitive pause in rate increases (likely June 14th FOMC meeting), and default fears removed, we have an even stronger tailwind going forward.
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A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
I’ve also:
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Charles Green
Senior Market Analyst, Traders Agency
