While NVDA Dips, this AI Stock Rises

And it could 3x soon. Editors Note: Our Resident Digital Currency Expert – Marco Wutzer is issuing a critical market update tonight at 8PM ET. In a special interview with Chris Rowe, Marco will reveal, the top coins that every investor should own right now – each Marco believes could return 1,000% or more. [Save your spot by going here]( Hi Reader, “Let’s light this candle” Ahhh… the roaring 90’s. The good ole’ days for equity option floor traders. It was the most lucrative time trading retail-customer order flow. Options volume was seeing explosive record growth. with each year topping the last. Market Makers were paying more than $5,000 per month just to lease one of the coveted seats on the Philly exchange. That was real money back then, the equivalent of about $13,500 in today’s dollars. It was also a time when retail customers were opening on-line brokerage accounts at a rapid pace. I recall a famous ad campaign rolled out by Ameritrade. A flunky kid named Stewart shows everyday folks how easy it is to take investing and trading into their own hands. A few clicks of a mouse and… Boom! They’ve placed their very first trade. It was a brilliant ad campaign because it showed how easy it was for ordinary investors to get in on Wall Street’s hottest action. And in the 1990s, the hottest action meant Dell Computer (DELL), the hottest tech stock and most actively traded options class. And back then, Dell options were traded exclusively on the Philly exchange. The Dell “pit” was right in front of the exchange floor. So to reach the specialist’s post, everyone had to walk past 100+ traders crammed shoulder to shoulder on this makeshift mini bleacher. It was quite the scene. And the party really kicked into high gear when earnings season rolled around. And when earnings season rolled around, DELL was the main event. The mainstream media covered it like it was the Super Bowl of Wall Street. CNBC would come to the Philly floor and cover DELL on the morning squawk box show. The late Ron Ianieri, a senior floor specialist and my mentor, would yell at any of his clerks who’d dare jump in front of the cameras. Good times! Then, in 2007, Apple Computer (APPL) introduced the iPhone and “The Super Bowl of earnings season” was now played by AAPL, the most actively traded options class. Now? The baton has been passed to (of course) Nvidia (NVDA), the beating heart of the AI revolution. It’s all about NVDA. And earlier this week, our very own Chris Rowe tee’d up some great technical analysis on NVDA heading into last night's announcement. The company… - Beat Q2 top and bottom line estimates - Grew revenues +120% - And provided solid forward guidance. They also announced a $50 billion share buyback. In other words, they said everything investors love to hear. Yet, the initial price action is a “sell the news” reaction. Chris is longer-term bullish, but he was calling for a short-term pullback and thinks pullbacks are buying opportunities. So, great call Chris! Longer-term, we are still in the early innings of the AI boom. Just look at the explosion of AI tech startups at Y Combinator, the preeminent Silicon Valley startup shop. (source: Chartr) This group created billion dollar unicorns, including Airbnb (ABNB), Coinbase (COIN) and DoorDash (DASH). Now most startups are focused squarely on AI. Of the 208 startups currently receiving funding in the program, 156 or three-quarters, are working on AI-related projects. The ecosystem is seeing explosive growth and it's still in the early stages. And what’s most compelling about AI is the way it promises to seep into, and potentially transform, every industry on Earth. Take crypto for instance… The Dark Money Indicator is my options research service that detects highly unusual, aggressive bullish bets being placed by the world’s most connected hedge funds and traders. It recently got a hit in Bitdeer Technologies (BTDR), a leading technology company for blockchain, cryptomining and high-performance edge computing. Bitdeer also uses AI in its lucrative mining operations. And right now some trader is loading up on a big BTDR position. This whale is betting that Bitdeer will get above $10 per share over the next six months. The stock is trading at the low end of a range, well above its springtime lows. The upside target is the top end of the range around the summertime highs of $13 per share. That’s a double from here just from owning the stock. As for the options trade, I gotta reserve that for my paid up Dark Money Indicator subscribers. But what I can say is, if the stock hits the price target by early 2025, those calls would be up by 3X or more. Long AI? You Should be! Have a great three-day weekend! P.S.: You can begin to access my Dark Money Indicator and get access to all “Costas Pick” trade ideas – like the one for BTDR – [by going here](. DISCLAIMER ©2024 by True Market Insiders, LLC, Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: True Market Insiders, 3301 N University Dr Suite 100, Coral Springs, FL 33065 The information contained herein has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. 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