The VIX Just Goes Below 13 for the First Time

The VIX just went below 13 for the first time since January of 2020. ByteDance, which is the owner of TikTok in China, they have already this year put orders in for a billion dollars worth of Nvidia's high end graphic chips. That's more than all of China, not just ByteDance. So when you think about the guidance that they just gave for the current quarter, the consensus was $7 billion. They guided to $11 billion and what now is embedded in the back half of the year of guidance.

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