TERADAT SANTIVIVUT The big reversal in Nvidia (NVDA) got a lot of attention on Friday, as the market darling closed down 5% on heavy volume. As of Friday morning, March 8th, 2024, Nvidia was up 17% in the last 5 trading days and as of the start of the day, was 42% above its 50-day…
mesh cube The rally in semiconductors is starting to run out of superlatives to describe it. Just when you think it has to take a breather, it turns around and rallies another few percent. Yesterday, the Philadelphia Semiconductor Index (SOX) closed more than 17% above its 50-day moving average and 36% above its 200 DMA….
SweetBunFactory You’d think that with all this AI hype, semi stocks broadly would be doing well. This of course until you dig deeper and realize how much of this narrative is being driven by just one stock (Nvidia, my fav!). Semiconductor stocks outside of Nvidia (NVDA) really haven’t done all that much since 2021, but…