OpenAI files for a massive IPO — buy the AI chipmakers powering the boom
Thesis
The AI boom is entering a new phase as major private companies like OpenAI move to go public, validating the massive valuations and long-term potential of the sector. When software makers valued near a trillion dollars go public, the hardware companies that supply their data centers see a direct benefit. Because chip stocks recently sold off, there is room for a catch-up rally as investors position themselves ahead of these massive public offerings.
Strategy approach
Build a rule-based strategy that enters long NVDA on H4 when the price crosses above the 20-day simple moving average and the RSI(14) is between 50 and 70. Pair with a long entry on AMD using the same conditions. Exit the trade if either asset drops 4% from the entry price, or hold for a maximum of 10 trading days.