Yesterday the financial headlines were dominated by one thing and one thing only
OpenAI Misses Revenue Targets
Boom, the doomposters are out in force…
Wall Street Journal follows it up with an article titled “AI Worries Have Returned”
Talking about how stocks like Coreweave and Oracle were down a whopping 4% on the news.
Even Nvidia slipped a bit yesterday.
So, time to sell everything and go back to searching for undervalued gold miners in rural Australia?
Not so fast.
Because whenever you see news like this and start feeling jittery… just remember 2 words.
Zoom out.
Because every single stock you own is going to have days where it falls on some bad news… and of course the financial media is gonna run with it and act like the sky is falling… and that you were an idiot for buying the stock in the first place.
But just zoom out.
So even with yesterday’s dip…
Oracle is still up 18% the past month… CoreWeave is up 41%… and Nvidia is back to all time highs atfer a 27% resurgence.
Because unless you’re a day trader (which, you really shouldn’t be) one day will never make or break your returns.
So now we’re lining up for big tech earnings today and tomorrow… and I’m sure there will some overreactionary articles one way or another…
I’ll just be here doing the same thing I always do…
Zooming out and playing the long game.
Oliver
P.S.