Artificial Intelligence Stole Your Girl

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Thanks for tuning into our regular programming. Cousins prepare your brain holes to absorb some info (I know it’s hard for some of us).

What a wild week it has been

We have some pure value in store for you:

👀 Cousin’s take on AI + alt bag picks
📍 Crypto Update
💸 Forex Update
📈 Nvidia Earnings Breakdown
🫡 Meme Drop

Please fill out this poll first 

GM,

You’ve heard it, the world has heard it - Artificial Intelligence, let's get into it lads.

I’ve been bullish on A.I. since the first pump we saw back in November 2022 and continued to stay bullish since then. The one thing that does scare me slightly is that it feels like the entire stock market, A.I. crypto projects, and even the entire crypto market as a whole has been correlated to the price of Nvidia ($NVDA) for the last few weeks. The fact that we are essentially putting all of our eggs in one basket is never ideal. With that being said, the reason Nvidia has gone so vertical in my opinion is because when it comes to providing GPUs to fuel the A.I. craze they are the clear victors by a mile. No joke - Nvidia is smoking everyone around it with 80-95% market share, and unless they manage to really f*ck this up, I believe they will continue to stay on top for a very very long time. Now, that doesn’t mean go ahead and sell your wedding ring to buy $NVDA, their stock at all-time highs after breaking several records in the stock market. But that does mean I don’t see them losing their thrown in this specific sector anytime soon.

Where does that leave us with crypto-related A.I. projects?

As I first mentioned, I’ve been bullish on crypto A.I. for some time now. We’ve been buying fetch.ai since November of 2022 and added projects like AIX and PALM to the portfolio which have gone vertical over the last few weeks. Most people are late to the party, and most people only want to buy those vertical candles. Although I am bullish on A.I. long term, I wouldn’t feel too comfortable only getting exposure here. I have no plan to exit my long-term holdings as I still believe that in the higher time frame we go higher.

This list may update over time, we might add some, we might drop some, but the A.I. projects I am most bullish on are:

❖ FET
❖ AIX
❖ PALM
❖ PAI
❖ 2DAI
❖ TYPE
❖ ENQAI

Other than FET, these are all small caps, but if you guys have been following me for a while you'll know this is the game I like to play. High risk = High reward.

Overall how am I feeling on the crypto market?

Fairly recently, the alien Zuckerberg, PED Bezos, Buffet, and as I type Jamie Dimon (along with a few other big boys) sold BILLIONs worth of stocks. This is something to pay attention to. The last time they did this the stock market had a huge correction, and crypto correlated nuking from $50,000 to $15,000. You can make up whatever excuse you want to try and dodge this but at the end of the day, these overlords will NEVER EVER be exit liquidity. I am still extremely bullish on crypto for the year and overall, but we still haven’t seen a substantial correction in a while and our bags have been going vertical - and now this. There is no doubt in my mind we won’t see a new Bitcoin all-time high this year, that is not the question. The question at hand is will that be in the coming weeks/ months, or will we see this occur towards the end of 2024.

We’ve made a lot of money in the last few months. We were mega bulls when most were neutral or even worse blood-sucking bears. If you ever check your wallets and are in disbelief at how much money you’ve made, do yourself a favor and take some of that profit off the table. Navigating this market is never easy and you deserve to pay yourself when done so successfully.

Lock in for the next few months ladies and gentlemen, regardless of the outcome, it will be an interesting one.

Reminder: Our goal is to NOT have you be exit liquidity.

• Avalanche: Goes down with failure to produce a new block for 4+ hours (CD)

• Coinbase: Holds lowest confirmed supply of BTC since 2015 (CS)

• Valkyrie: To launch a 2x leverage futures Bitcoin ETF (BW)

• ETH: Is at $3K for the first time since 2022 (D)

• Donald Trump: Talks about embracing Bitcoin in Fox News interview (@CryptoTea_)

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💸 U.S. DOLLAR INDEX

After hitting my area of interest, the monthly imbalance, DXY is rejecting and slowly beginning to move lower. As I explained previously, I am waiting for more confirmation before I can confidently say DXY is ready to start seeking lower prices.

In terms of confirmation, I am looking for DXY to get a weekly candle close below the weekly Bullish imbalance. If the weekly candle closes below, I expect the Bullish imbalance that acted as support to turn into resistance.

The idea remains the same, I am long-term bearish on the Dollar and expect previous years’ lows to be taken out.

Speaking of $NVDA, they reported earnings on Wednesday and absolutely blew the top off. This is one of the best earnings in recent memory so I had to give a breakdown (btw this is Gannon writing).

For those who aren’t living under a rock - Nvidia is a software company that designs graphics cards, high-performance computing API and SoCs (system on chip units), and artificially intelligent software/hardware for mobile, desktop, and supercomputing. Its current main competitors are Intel, TSM, AMD, Apple, Google. Nvidia chips are predominantly used in data centers/computers/tablets/etc. but have expanded into automobiles in the past decade.

Q4 RESULTS (🔥 emoji denotes absolutely brain-melting numbers):

• Revenue: $22.10B vs. $6.05B y/y, EST $20.41B 🔥

• Net Income: $10.4B vs. $1.41 y/y (up 640%) 🔥

• Data Center Revenue: $18.4B vs. $3.62B y/y, EST $17.21B 🔥

• Gaming Revenue: $2.9B, +58% y/y, EST $2.72B

• Professional Visualization Revenue: $463M vs. $226M y/y, EST $435.5M

• Automotive Revenue: $281M, -4.4% y/y, EST $272.1M ❖ ADJ gross margin 76.7% vs. 66.1% y/y, EST 75.4%

• R&D Expenses: $2.47B, +26% y/y, EST $2.43B

• ADJ Operating Expenses: $2.21B, +25% y/y, EST $2.23B

• ADJ Operating Income: $14.75B vs. $2.22B y/y, EST $13.14B 🔥

• Free Cash Flow: $11.22B vs. $1.74B y/y, EST $10.82B 🔥

NVDA Income Statement Breakdown:

I wrote an entire article dedicated to my thoughts and in-depth details of the $NVDA earnings. Along with this I gave a buy/sell/hold rating. If you want to check out my entire article read here. Don’t forget to sub 🙂

Written by: Cousin Crypto, Gannon

Disclaimer: Heinous Pumps Newsletter does NOT provide financial advice. All content is for informational purposes only. Heinous Pumps is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. Heinous Pumps is a satire-based newsletter and should not be taken seriously.