Anticipation of NVIDIA earnings in two weeks should give semiconductor stocks brief relief. A bounce is expected through early next week, though more downside is still expected overall; the position is in SOXL November 27 $90 long calls. x.com 

NVIDIA could reach $250 by November 13 while it tests the lower edge of its rising channel; its options map shows positive dealer exposure near current levels and substantial call positioning around $240-$250. It remains on watch rather than an immediate buy. x.com 

Nvidia risks borrowing from future GPU sales as falling token prices make older rental fleets harder to pay off. Capacity is rising by orders of magnitude versus perhaps 25% annual upgrades before AI. Tight spot rents say little about returns on future capacity contracted by two or three anchor customers. Nvidia's neocloud supply pressures them to buy for certainty; unless demand scales with supply faster than tokens deflate, a glut could hit estimates despite a reasonable headline multiple. … Show more

NVIDIA has ended three months of sideways trading and moved back into positive gamma, with its moving averages fanning upward again. Options money is betting on $220-240 calls ahead of its August 26 earnings, and near-dated Mag 7 call buying shows institutions positioning rather than retreating. After hitting its first target, it is not a chase here; a pullback to $210-216 that reclaims $214 would offer a re-entry toward the prior $236 high. x.com 

Nvidia's rising revenue alongside a much lower P/E is getting hard to ignore. Its chart shows quarterly revenue above $80 billion in Q2 2026 while the P/E is around 30x, down from much higher multiples in prior years. x.com 

Financing risk makes AI-linked growth stocks unattractive to add here. Much of the money reaching suppliers such as Nvidia and Micron is financed, so harder funding would limit spending on chips, compute and memory. The buildout is not over, but stock prices could remain suppressed until it slows. A significant drawdown would make adding appealing; for many high-beta names with weak fundamentals and balance sheets, the highs look to be in. x.com 

Nvidia looks interesting again because rising earnings estimates have not been reflected in its valuation. FY28 EPS estimates rose about 25% in 60 days while shares stayed roughly flat; it trades below 14 times FY28 earnings with a mid-single-digit free-cash-flow yield. Exponential change is hard to grasp, and it is hard to see Nvidia not winning if the US does, though there is little capital to absorb market wobbles. x.com  x.com 

Nvidia's shares remain pressured because neoclouds have yet to show demand revenue can cover debt service even at higher rates. CoreWeave and Nebius are dragging the shares, though that concern is being priced in and digested. Reuters reports ByteDance, Alibaba and Tencent ordered $35B in Nvidia chips; Elon Musk says SpaceX is on track to bring roughly 200,000 GB300 GPUs online per month through end-2026. Nvidia made a higher low, and the next higher-high target is $256. x.com  x.com  x.com  x.com 

Rising Chinese competition and doubts about valuations add to Nvidia's downside risk as the AI sector bleeds. Nvidia's break from an uptrending triangular pattern rarely ends well; the AI bubble is cracking, and the trendline break marks the beginning of something much bigger. x.com 

Super Micro should benefit as data centers buy the servers that house Nvidia's AI chips. Its quarterly sales outlook rose from $15B to $19B; the stock is 36% below its high and trades at 8x next year's earnings. It is a double from here. x.com  x.com