Nvidia's stock is at a critical juncture ahead of earnings, chart suggests

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Investors should be watching two key levels for Nvidia as the chipmaker prepares to report earnings, one trader says.

The top-performing information technology stock in the S&P 500 year to date, Nvidia has climbed more than 129% in 2020, its best annual gain since 2016 and its fourth biggest on record.

"That's an enormous deal, $40 billion. They say it's immediately accretive," he said. "I'd like to get more information on that." After trading sideways for the last several months, the stock has now dipped below a trend line that's been in place since March, Maley said."That's not a big concern for me yet because ... it's broken below that by going sideways rather than rolling over in any significant way," he said. "It's interesting because the battle lines are very well defined."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'이 발표를 최대한의 중대성을 가지고 받아들이십시오 그렇지 않으면 울며 이를 갊이 있을 것입니다 믿을 수 없을 것입니다 휴거 후에 정말 믿을 수 없는 일이 있을 것입니다. 또한 여러분은 견딜 수도 없을 것입니다. MidweekMegaWord

They've done so well at providing hardware to smooth the edges, upscale the edges, and resharpen the edges that it's hard to believe the next decade of tracing reflections won't be just as profitable.

canceldaylightsavingsalready

MidweekMegaWord The Cross is the True Gospel of Christianity.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia, Volvo Cars accelerate auto industry's data-processing power raceVolvo Cars said Monday it will use a new generation of high-powered chips from Nvidia Corp to enable more autonomous driving functions in future vehicles, starting next year. I really don't want to pay $5k for data processing in my car. nVidia should stay away from cars, please! :) How awesome!!!! Features?
Source: Reuters - 🏆 2. / 97 Read more »

Macy’s, Nvidia, Simon Property Group: What to Watch When the Stock Market Opens TodayU.S. stock futures edged lower, suggesting further declines this week good ANDREW CUOMO 😈 This is COMMUNISM! AMERICA AMERICA 🇺🇸 Pay Attention NEW YORKERS NO THANKSGIVING 🦃 NO CHRISTMAS 🎄 NO FAMILY 👪 NO GRANDMA 👵 NO GRANDPA 👴 NO CHURCH ⛪ NO SCHOOL 🏫 SOCIALISM BLACKS can RIOT & LOOT on Black Friday! (NO MASK REQUIRED WHEN RIOTING & LOOTING)
Source: WSJ - 🏆 98. / 63 Read more »

Nvidia, AMD and Intel are leading a buying spree in the chip industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Really hoping Transition46 take anti-trust seriously.
Source: BusinessInsider - 🏆 729. / 51 Read more »