By K C Ma and Bilal Hashmi
Following Intel’s (INTC) lower second half guidance, a disappointing Nvidia's first quarter earnings result (ER) may be a foregone conclusion. Technically, there has been no good news for Nvidia since its fourth quarter earnings release. But there's evidence that the market looked beyond the immediate negativity (Point B Figure 1A) but saw a better second half 2019 (Point A in Figure 1A). Before the recent surprising new tariffs, the bull thesis is that organic gaming demand after crypto fades out will easily overcome the fading macro