These are the chart levels to watch on Nvidia as chipmaker gets set to report earnings

These are the chart levels to watch on Nvidia as chipmaker gets set to report earnings

First and foremost, we never make chart-based trade recommendations in front of a major earnings announcement — whether for Nvidia (NVDA) or any other stock. However, charts are extremely helpful in outlining what’s at stake for AFTER the reaction. Often there are patterns, key moving averages, and support/resistance levels, etc. across multiple time frames that must hold for a stock’s technical…

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Blip, dip or pullback? Global investors weigh in on equities sell off

Blip, dip or pullback? Global investors weigh in on equities sell off

Global investor sentiment for artificial intelligence remains buoyant, despite on the ongoing equities sell-off.   European and Asia markets have seen days of consecutive losses, tracking their U.S. counterparts lower as pressures mount on AI-related stocks and their valuations. The pan-European Stoxx 600 on Tuesday notched its lowest level in a month, with major bourses opening lower on Wednesday, while Asia-Pacific markets fell.   Stateside, stock futures were little…

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Nvidia will jump 20% after report of China export license agreement, Wells Fargo says

Nvidia is set to report earnings Wednesday. These stocks could be moved by the results

Stocks such as Palantir Technologies , Taiwan Semiconductor Manufacturing and Super Micro Computer are among the names most correlated to Nvidia’s post-earnings fate. Graphics processing unit maker and artificial intelligence poster child Nvidia next reports earnings after the market closes on Wednesday. LSEG consensus shows that analysts estimate Nvidia will earn $1.25 per share, which…

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