According to The Kobeissi Letter, Nvidia's stock ($NVDA) has risen above $140 in overnight trading. This marks a 25% increase since its February 3rd low, translating to a $700 billion increase in market capitalization in just two weeks.

According to CryptoMichNL, the recent performance of $NVDA, which posted great numbers and exceeded expectations, yet saw an 8% drop in after-markets, indicates a bubble. The situation reminds him of the Bitcoin craze in 2021, which he suggests could be a top signal for $NVDA.