The outpouring of love for Nvidia set off a rally up and down Wall Street on Monday. At least that's how it looked at surface level.
It may not be that logical, but the emotions of AI are making interest rate concerns less important.
Better than expected economic performance is supposed to be a good thing. Right? Maybe. Maybe not.
Saudi Arabia and the United Arab Emirates have reportedly purchased thousands of the firm's GPUs.
Nvidia alone is not going to be enough to support the market when Apple and Microsoft remain under pressure.
What a solution. If the numbers really, really stink, they just no longer exist.
Let's examine a key line in the SOX chart and what it tells us; also, let's look at the short-term oversold reading, the intermediate-term overbought reading, and what will likely come of an oversold rally.
Traders should have taken the money and run in late June.
Successful trading requires flexibility and not dogma.
On top of banning new private equity investment as well as joint-ventures, Biden's executive order requires U.S. interests doing business in mainland China to inform the U.S. government concerning direct investment in AI as well as other types of computer chips.