The Nasdaq 100 index reached a new record high of 29,390, driven by strong gains in semiconductor and AI-related stocks like Intel and AMD. However, technical indicators such as bearish RSI divergence and price exhaustion above the 20-day moving average suggest a potential short-term correction. This could lead to a pullback below the resistance zone around 29,505 to 29,615. Investors should watch semiconductor stocks closely as their performance strongly influences the broader tech-heavy Nasdaq 100 index.
Micron, Marvell, Arm, and Intel stocks have surged well above their 200-day moving averages, signaling strong momentum in the chip sector. Marvell trades about 250% above its 200-day average, Micron 160%, Arm 130%, and Intel 113%, while the semicondu...
Elon Musk revealed plans for Terafab, a huge 100 million square foot chip factory targeting one terawatt of annual compute hardware output, about double current U.S. chip consumption. The project involves Tesla, SpaceX, and Intel, aiming for vertical...
The stock market is driven by the 'Parabolic 7' semiconductor stocks, which have surged dramatically this year, led by companies like Micron, AMD, and Intel. Despite their rapid gains, some valuations remain reasonable due to strong earnings growth, ...
Intel's market value is about $554 billion, with forecasts suggesting it could reach $1 trillion by June 2028 due to its expanding role in AI chip manufacturing. Key drivers include Google's plan to manufacture over three million Tensor Processing Un...
The S&P 500 is currently considered statistically expensive, with many indicators suggesting caution. Lawrence Fuller expects a challenging summer due to rising inflation, higher interest rates, and geopolitical risks, likely causing a modest market ...
