#AIChipSlumpNasdaq
🧩 Only 1 of 30 Chip Stocks Fell Monday. It Was Nvidia
The chip index just had its best day since July, yet it has won back only about half of last week's drop.
📈 Philadelphia chip index +6.9% at the close, biggest gain since July 30
📈 AMD +13.26% to $508.58, Broadcom +8.8%
📉 Nvidia -4.27% to $178.67, the only index member down
📊 Nasdaq +2.74% to 25,253.14; WTI oil -4.38% to $86.85
My read: a rally without the sector leader is a relief bounce until Nvidia's Nov 17 earnings say otherwise.
Chips reclaim all of last week's loss by Nov 17, or stall at half? 👇
$BTC $ETH
#AIChipSlumpNasdaq #Nasdaq #Macro
🧩 Only 1 of 30 Chip Stocks Fell Monday. It Was Nvidia
The chip index just had its best day since July, yet it has won back only about half of last week's drop.
📈 Philadelphia chip index +6.9% at the close, biggest gain since July 30
📈 AMD +13.26% to $508.58, Broadcom +8.8%
📉 Nvidia -4.27% to $178.67, the only index member down
📊 Nasdaq +2.74% to 25,253.14; WTI oil -4.38% to $86.85
My read: a rally without the sector leader is a relief bounce until Nvidia's Nov 17 earnings say otherwise.
Chips reclaim all of last week's loss by Nov 17, or stall at half? 👇
$BTC $ETH
#AIChipSlumpNasdaq #Nasdaq #Macro
