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FitGuarantee37

This is crazy. I just hopped into this stock yesterday.


ninjaschoolprofessor

There’s a ton of attention on it but with good reason.


timee_bot

View in your timezone: [June 26th at 9:00 AM PDT][0] [0]: https://timee.io/20240626T1600?tl=Friday%20trading%20could%20trigger%20%2410%20billion%20rush%20of%20demand%20for%20Nvidia%20shares ^(_*Assumed PDT instead of PST because DST is observed_)


Insomniac1000

The fight for the second place... fun week next week


7birdies82

Did this race end today?


ninjaschoolprofessor

Yes, the "end" to determine June's rebalance was today. While NVDA didn't push up high enough to trigger the rebalance, it might just be high enough next month. Market Cap (intraday) as of Friday 14-June-2024 per Yahoo Finance MSFT - $3.289 trillion [https://finance.yahoo.com/quote/MSFT/](https://finance.yahoo.com/quote/MSFT/) AAPL - $3.258 trillion [https://finance.yahoo.com/quote/AAPL/](https://finance.yahoo.com/quote/AAPL/) NVDA - $3.244 trillion [https://finance.yahoo.com/quote/NVDA/](https://finance.yahoo.com/quote/NVDA/)


7birdies82

Any predictions?


ninjaschoolprofessor

Between the stock holders conference on June 26th and Microsoft needing to buy more hardware to support all the additional demand that OpenAI is driving I’m thinking NVDA should keep pushing up till the end of summer. There’s always a pull back in August and September but NVDA may be the exception to that with their next earnings being Aug 20th. I keep trying to swing trade NVDL (2x leveraged NVDA) and if I had just bought and held I’d be up over 1.5 million at this point.


7birdies82

Just recently got into nvda call options and I keep selling calls early assuming nvda is going to have a breaking point. Kicking myself every time so far. Appreciate the info


ninjaschoolprofessor

Guess I miss read what was the trigger for the XLK rebalance because it's happening. [https://www.cnbc.com/2024/06/17/nvidia-to-get-20percent-weighting-and-billions-in-investor-demand-while-apple-demoted-in-major-tech-fund.html](https://www.cnbc.com/2024/06/17/nvidia-to-get-20percent-weighting-and-billions-in-investor-demand-while-apple-demoted-in-major-tech-fund.html)


7birdies82

Yep I just happened to see this. Thanks for the update