Possible gap up for NVDA this week?

Yea I’m all for it.

Don't see much change on the upside for NVDA in the short term.

The uncertainty surrounding the repel of the chips act and Trump's rhetoric in tariffs on Taiwan up to 100% would be a huge headwind to NVDA margins. Basically all of their chips are made by TSMC, so this would be a major cost driver. TSMC already has planned a 15% price increase in the new year.

NVDA does not manufacturer their own chips and is competing with every other technology company for chips from TSMC. They hold very little leverage and will be forced to absorb any increase in costs

What about the large gap above 130 that it's currently sitting at? It was pinned right below it on Friday, it hit right at 129 99

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So we should be buying TSM then?

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Obviously the uncertainty of the tariffs and the chips act doesn't help them either. They have already invested a ton in Arizona and I'm sure was counting on a large amount of subsidies from the US govt.

Guessing until that uncertainty with the current administration plays out could be a buying opportunity. However it has had a massive run up in the last 12 months and will never trade at a huge multiple with the threat of China always looming

This is my take, as well.