Jensen says the PC has been reinvented.
His exact words this morning: "as big of a deal as the reinvention of the phone."
Sure.
Nvidia's up 2% on it, and Intel is down 6% because apparently nobody's going to need Intel anymore. Dell and HP get to ride along because they're standing close to the guy with the leather jacket.
Meanwhile the rest of the tape is yawning, with S&P futures up 0.3%. The Dow is celebrating Nvidia by adding 250 points and asking if it can please go retake 50,000 now.
And of course oil is up 3% this morning because we're back to pricing in peace with Iran. We signed a "60-day memorandum of understanding" Friday, which is one rung below an agreement to maybe think about an agreement.
The market is treating all of this as totally normal, and Don is seeing something else.
He's live at 9:20 am ET to walk through the Nvidia trade, this week’s expected move in the S&P, where the rotation is actually happening, and whether anyone is still pricing in a real outcome on Iran or if we're just running the same headline again.
— TheoTrade