This is a great set up for the melt-up trade
NVDA in break-out mode
"Hit $4T mkt cap on ongoing AI momentum + story overnight China wants 115,000 NVDA chips to fulfill AI ambitions (retail engagement surprisingly below 1yr highs). Great stat by Callahan: NVDA is larger than the entirety of the Staples, Energy, Utes, REITs and Materials GICS sectors (no, not combined) and is ~80% the size of the Industrials GIC..." (GS trading desk)