NVIDIA Gains 833%

Bimini Road identified Ghost Patterns in December 2022 and March 2023 that lasted 37 and 46 days respectively. In this case the news preceded the ghost patterns. We believe that because A.I. is such new and different technology, insiders were not aware of its impact until it was released. In fact many of the engineers working on the Large Language Model technology did not expect it to work at all. They began to see emergent behavior that was not part of the programming.

The last Ghost Pattern ended in May 2023 when a well known New York City hedge fund manager was quoted as saying “where going up” referring to NVIDIA the maker of all A.I. chips. Shortly thereafter the price of NVIDIA stock began to go up rapidly gaining 833%.

Historical Timeline

December to February 2023 - Ghost Pattern captures 37 days of buying (On November 30, 2022 OpenAI releases ChatGPT to the world.)

March to May 2023 - Ghost Pattern captures 46 days of buying (On March 23, 2023 NVIDIA announces demand for GPU’s is growing fast)

May 30, 2024 - Steven Cohen quoted saying “where going up” referring to NVIDIA (Cohen is a high profile hedge fund billionaire in NYC).

Price Moves Up - NVIDIA gains 833%