You Have Been Served
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Nvidia dumped their stakes in two public companies on Friday, and this lack of support hit them both hard. First was Serv Robotics (SERV), which had hammered out a beautiful base before it was ruined.
The one of more interest to me, since I’ve got a bunch of July $19 puts, was Soundhound (SOUN), which smashed through support.
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Gene Inger
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4 weeks ago
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Contributor's comment
As you probably know, Nvidia sold these to buy Chinese stocks; and SOUN was sold on October 26th 'last year'... 10 days before the US Election (Taiwan policy?) and 2 months before CES in Las Vegas, where Nvidia and Soundhound presented products. NOTHING has changed with their working relationship; NVDA dis a strategy sale a bit too soon; as the SOUN shares more higher and we were selling some, in the 22 area. Now buying this dip and suspect solid guidance from SOUN management with contribute to a rebound.
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