Look guys, video games is basically legalized drugs. And NVDA is its dealer. Absolutely smashed Q3, and I expect their new graphics card products to do well in Q2 of 2017, when they release their new products at their annual convention. As longs as NVDA continues to win the GPU war, investors will keep this stock moving.
Meanwhile, keep an eye on ATVI, which found support at its 200-day moving average. ATVI reports in February 2017, and its taken a quick reversal in the past month. Though not a semiconductor stock, they are somewhat related, so let’s ride this ahead of their earnings, buying every dip as long as the 200 MA holds.
Have a good weekend!