FatDuck3
Nov 8, 9:54 PM
$GDX $GLD $SLV $JNUG $B
Jensen Huang’s Email to NVIDIA Employees
This could have an impact on NVIDIA’s stock price in the short term. The big question is whether there is more to this story than what we know right now. If it turns out there was a relationship between Huang & a Chinese spy, the situation could become much bigger & the market may have to deal w/some unexpected consequences
1 thing I will say is that Huang seems to be getting ahead of the story by addressing fast
NVDA is currently trading at a forward P/E of 15.56x, meaning investors are paying about
$15.56 for every
$1 of expected future earnings. NVIDIA represented approximately 7.30% of SPY. That makes it 1 of the 2 largest holdings in the fund.
Something could be developing here, & it may be more significant than it looks right now. For the moment, we wait and see how the market reacts & whether more details come out.
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