I believe the AI “bubble” will not “pop”, but the recent two weeks is the first real dip we have seen YTD and causing people to rethink everything that has worked the past 6 months (nothing, just holding). It has gotten myself to question my positions in NVDA, PLTR, AI etc… I feel like a sucker for doing this but this last week I sold about 20% of my position in those stocks to divert into safer options like oil. I am planning on trimming my NVDA position by half on Monday, not for any Macro/Fundamental reason, but more as I believe there will be profit taking and prolonged selling in the sector until earnings, where I will re evaluate again. Earnings for which I think will not be met completely, but I believe the risk/reward for selling right now and waiting until earnings is better than holding through earnings. I still consider NVDA to be my most confident long term stock, for I do believe Ai will be prevalent in taking over minimum wage type jobs and NVDA controlling the market at that time. For what its worth I am a caddie, I caddy for some of the most powerful/influential finance/business men in my state and everyones sentiment is that there will be a correction in the next 6 months. The unbelievable results of the previous quarter of earnings has not completely translated over to the most recent quarter, profit taking may ensue, stop losses may be hit… Has been an interesting week though with the last two days of market open having 25-30% of average volume…
Are yins selling for cash, or also re allocating into something else?
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