Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Team , I'm a bit surprised MM didn't buy Nvidia when it went down to US $95 , when you stated that it would be looking attractive to buy under US $110 ? and is on your hitlist ? It has now rallied to US $124 and will report on 28th August . What are MM thoughts on this report and can we see a rally to US$140 or another drop under US $110? I bought at US$114 as i'm expecting another solid result. Cheers Craig
Hi Craig,
We have to put our hands up in the air and say we were too slow, at the time we felt the market would spend longer being concerned around a recession and the “V-shaped” recovery that has eventuated was unlikely.
We still believe the rationale we wrote about here and the road map around pricing still stacks up.
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