Nvidia is reportedly planning to reveal three new chips for China according to the Star Market Daily. According to the reports, the announcement could come as soon as November 16, and Nvidia shares are up in premarket trading in anticipation of the event.
Nvidia is a stock that has benefited greatly from all the hype surrounding artificial intelligence and the changes it is expected to bring to our technological age. On top of the AI hype, the video also has very strong seasonals into the end of the year. Over the last 25 years, the stock has risen 75% of the time between November 10 and December 30 for an average return of over 6%. Will we see those gains again?
Major Trade Risks:
The major trade risk here is if the unveiling of Nvidia’s chips is disappointing and AI hopes fade if the US looks like it is heading into a recession.
Remember don’t just trade it, Seasonax it!