The broader market is rising, but $NVDAB is lagging behind—this may be the signal to watch most closely in U.S. stocks next week 🧐
All three major U.S. stock indexes closed higher on Friday, with the Nasdaq rising for a fourth straight week. But Nvidia’s U.S. closing price was $229.28, down for a fourth consecutive trading day and about 5.8% below its October 6 record high.
What’s weighing on it isn’t its performance, but sentiment: news on Thursday that OpenAI’s revenue came in below expectations has made the market question again whether AI spending can be sustained.
U.S. markets are closed for the weekend. $NVDAB on Binance bStocks was quoted at 230.57 USDT at 08:05 this morning, almost unchanged from Friday’s close—no one seems to be in a hurry to get ahead of the market over the weekend.
My take: this looks more like capital rotating between AI and other sectors than a trend reversal.
Earnings season kicks off next week. If U.S. stocks hold around $220 (the 50-day moving average support level, according to 21st Century Business Herald), the pullback will likely stop there. If the price breaks below that level decisively, my view will be wrong, and the AI bubble narrative will gain momentum again.
When the market opens on Monday, do you think Nvidia will rebound first or break below support first?
Sources: CNBC, 21st Century Business Herald
$NVDAB #英伟达 #USStocks
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, and does not constitute investment advice. DYOR.
All three major U.S. stock indexes closed higher on Friday, with the Nasdaq rising for a fourth straight week. But Nvidia’s U.S. closing price was $229.28, down for a fourth consecutive trading day and about 5.8% below its October 6 record high.
What’s weighing on it isn’t its performance, but sentiment: news on Thursday that OpenAI’s revenue came in below expectations has made the market question again whether AI spending can be sustained.
U.S. markets are closed for the weekend. $NVDAB on Binance bStocks was quoted at 230.57 USDT at 08:05 this morning, almost unchanged from Friday’s close—no one seems to be in a hurry to get ahead of the market over the weekend.
My take: this looks more like capital rotating between AI and other sectors than a trend reversal.
Earnings season kicks off next week. If U.S. stocks hold around $220 (the 50-day moving average support level, according to 21st Century Business Herald), the pullback will likely stop there. If the price breaks below that level decisively, my view will be wrong, and the AI bubble narrative will gain momentum again.
When the market opens on Monday, do you think Nvidia will rebound first or break below support first?
Sources: CNBC, 21st Century Business Herald
$NVDAB #英伟达 #USStocks
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, and does not constitute investment advice. DYOR.