Nvidia shares, currently at $215, face a potential correction that could drop the stock to around $160, according to a trading expert's technical analysis. This bearish outlook follows Nvidia's recent strong earnings beat, with record revenue driven by its AI-focused Data Center business. The stock's weekly RSI and price patterns resemble those before a sharp pullback in late 2024, suggesting possible increased volatility and a medium-term retracement to key support levels. Despite this, Nvidia's long-term growth remains supported by robust AI demand and strong financial performance, including a raised dividend and a large share buyback program.
The investor remains optimistic about the S&P 500 earnings outlook but is concerned about rising long-term U.S. bond yields, particularly the 30-year yield surpassing 5%. Recent U.S.-Iran diplomatic developments may help ease bond yields before the F...
NVIDIA reported another strong quarterly performance, but investors remain wary about high valuations in semiconductors and AI infrastructure. Market volatility was driven by geopolitical tensions affecting oil prices, Treasury yields, and various se...
The S&P 500 marked its longest winning streak since December 2023 with eight consecutive weeks of gains, even as the Federal Reserve signals potential rate hikes due to persistent inflation. U.S. manufacturing is booming, driven by massive AI infrast...
Webull CEO Anthony Denier reveals that retail investors now hold a wider range of AI-related stocks, growing from 3% to 9% over two years. This shift shows confidence in AI as a long-term investment, with interest spreading beyond headline chip stock...
A report from the Center for a New American Security reveals that Nvidia supplies GPUs for 52% of sovereign AI infrastructure projects worldwide, making it the dominant hardware provider in this space. Despite governments investing heavily in nationa...
