), as the market anticipates the company’s fiscal third-quarter results. The biggest question is whether the AI giant will continue beating expectations by $2 billion and raising guidance by an additional $2 billion, or will it present something new?
The introduction of the new Blackwell chip could potentially disrupt this pattern, but that remains to be seen. This could explain why the stock has been mostly range-bound since mid-June, moving within a rising wedge pattern. A break below $140 would likely be bad news not only for Nvidia but for the entire market as well. trading at the lower end of its own rising wedge pattern and on the verge of breaking down.is relinquishing its post-election gains. The Kospi’s performance has been dismal, showing a steady decline recently. This indicates that the rally in the Russell is unlikely to persist.
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Source: Investingcom - 🏆 450. / 53 Read more »
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