Google's GPU Killer - Phase 2

Upside panic for some

Google exploding further as we enter TPU > GPU phase 2. Volumes have been huge and the stock has left the 21 day behind. RSI is overbought, but we have seen even more extreme RSI levels in GOOGL.

Source: LSEG Workspace

 

Downside panic for others

NVDA crashing by 6% as of writing, trading well below our "magical" $180 level we have been pointing out lately. We are well below the 100 day, and haven't traded this much below it since May. 200 day comes in around $153.

Source: LSEG Workspace

 

New king vs old king

GOOG vs. NVDA gap continues to get wider by the day. Chart in % over the past year.

Source: LSEG Workspace

 

Who do we follow?

Google or NVDA? Or are we entering perfect equilibrium here?

Source: LSEG Workspace

 

TPU squeeze

Searches for Tensor Processing Unit exploding to the upside.

Source: Google