š¤ āLeather-jacketā Jensen Huang steps down as Nvidia CEO: Wall Street stages a spectacular comeback, while Asia holds its breath ahead of Friday the 13th! š±
Markets just went through a true āroller-coasterā session! News that CEO Jensen Huang was stepping down sent Nvidia (NVDA) shares plunging 14% at the open, but dip-buying helped the stock make a spectacular comeback, trimming losses to around 4ā5.4%. Wall Street also staged a turnaround, ending slightly in the green:
ā¢ Dow Jones: 52.696,65 (+0,40%)
ā¢ S&P 500: 7.641,10 (+0,29%)
ā¢ Nasdaq: 25.545,34 (+0,31%)
šø Money āfledā to rivals and energy stocks:
ā¢ Soaring: AMD (+7,4%) and Broadcom (+7,1%) on hopes of gaining AI chip market share; oil and gas companies such as Marathon Petroleum (+3,2%) and Exxon Mobil (+2,3%) benefited from surging oil prices.
ā¢ Plunging: Beyond NVDA, AI infrastructure stocks CoreWeave (-8,2%) and Micron (-2,1%) also came under heavy selling pressure.
š Asia outlook and tips for traders:
ā¢ Asian markets were battered yesterday (Taiwan -2,63%, Hang Seng -1,26%). Todayās Friday the 13th session, the last of the week, is expected to see sharp divergence: chip stocks may be less panicked, but will still be weighed down by U.S. Treasury yields topping 5% and rising oil prices.
ā¢ Traders, absolutely avoid FOMO, reduce leverage, closely watch how AI-related coins react, and wait for the U.S. PPI inflation data tonight at 20:30 Vietnam time!
ā ļø This is not financial advice.
š Click below to trade and support me: $SKHYB
$TSMB
$AGT
#ChipStocksExtendLossesAfterNvidiaCEOChange #HuangExitNvidiaStrategyInFocus #VINHTOCDO #Nvidia #AICrypto #Semiconductors #MarketUpdate #WallStreet
Markets just went through a true āroller-coasterā session! News that CEO Jensen Huang was stepping down sent Nvidia (NVDA) shares plunging 14% at the open, but dip-buying helped the stock make a spectacular comeback, trimming losses to around 4ā5.4%. Wall Street also staged a turnaround, ending slightly in the green:
ā¢ Dow Jones: 52.696,65 (+0,40%)
ā¢ S&P 500: 7.641,10 (+0,29%)
ā¢ Nasdaq: 25.545,34 (+0,31%)
šø Money āfledā to rivals and energy stocks:
ā¢ Soaring: AMD (+7,4%) and Broadcom (+7,1%) on hopes of gaining AI chip market share; oil and gas companies such as Marathon Petroleum (+3,2%) and Exxon Mobil (+2,3%) benefited from surging oil prices.
ā¢ Plunging: Beyond NVDA, AI infrastructure stocks CoreWeave (-8,2%) and Micron (-2,1%) also came under heavy selling pressure.
š Asia outlook and tips for traders:
ā¢ Asian markets were battered yesterday (Taiwan -2,63%, Hang Seng -1,26%). Todayās Friday the 13th session, the last of the week, is expected to see sharp divergence: chip stocks may be less panicked, but will still be weighed down by U.S. Treasury yields topping 5% and rising oil prices.
ā¢ Traders, absolutely avoid FOMO, reduce leverage, closely watch how AI-related coins react, and wait for the U.S. PPI inflation data tonight at 20:30 Vietnam time!
ā ļø This is not financial advice.
š Click below to trade and support me: $SKHYB
$TSMB
$AGT
#ChipStocksExtendLossesAfterNvidiaCEOChange #HuangExitNvidiaStrategyInFocus #VINHTOCDO #Nvidia #AICrypto #Semiconductors #MarketUpdate #WallStreet
