Stocks

February 12, 2024

Nvidia Tops Amazon

It seems like Nvidia is hitting a new milestone every day, so why would today be any different? 🤷

This morning, we saw a massive squeeze in shares of Arm Holdings, which soared more than 40% before pulling back midday. That led to other semiconductor stocks rising alongside it as investors’ optimism around the sector continued. 📈

The move also pushed Nvidia’s market cap to the fifth largest in the world, with it momentarily passing Amazon to claim that spot. For context, the last time the chip giant was worth more than Amazon was back in the early 2000s. After twenty years of underperformance, Nvidia is trying to claw its way back up. 🤯

Related Articles

Related Articles

Stocks Break Their Win Streak

March 8, 2024

We’ll have to see if it can snag that spot in the coming days and weeks as its epic run continues… 🥵

Learn More About...

You Might Also Enjoy

Stocks

January 10, 2024

Japanese Stocks Continue Shining

One of the world’s best-performing stock markets of 2023 is starting the new year with fresh highs. As measured by the Nikkei 225 index, Japanese stocks reached their highest since the 1990s as investors speculated that the Bank of Japan would delay plans to end its ultra-loose monetary policy. 🕰️

Recently, a devastating earthquake in central Japan caused widespread damage in the region and will likely weigh on the country’s already slow economic growth. As a result, the government is expected to outline fiscal stimulus efforts to help support the rebuilding process.

Read It

Stocks

February 16, 2024

Biotech Investors Target PHAT Gains

As we’ve been highlighting for a long time, investors and traders continue to seek opportunities in the micro and small-cap healthcare space in hopes of a buyout.

With the most prominent players sitting on tons of cash and needing their next growth driver, it seems like there’s a new company being acquired every day. 🤑

Read It

Stocks

January 24, 2024

Three Tech Stock Milestones

Despite a lackluster close for the major indices, several stocks hit major market-cap milestones. 🤩

First up is Microsoft, which briefly became the second company to cross the $3 trillion market value threshold. Although that didn’t hold into the close, what’s done is done, and the company certainly deserves to be celebrated. Meta’s rebound over the last two years pushed it back above the $1 trillion mark, bringing the total number of companies above this level to eight.

Read It

More in   Stocks

View All

Stocks

March 4, 2024

Semi Stocks Continue To Soar

Semiconductor stocks remain the focus of investors and traders, with Nvidia and Super Micro Computer pushing to all-time highs. The industry is starting the week with several analyst upgrades as Wall Street continues to chase these companies higher. 🌠

Despite the growing concern that the fundamentals may not fully support these short-term surges in price, the path of least resistance remains higher.

Read It

Stocks

January 2, 2024

Traders’ Updated S&P 500 Roadmap

Just because the calendar changes dates doesn’t mean the market’s trends do. As such, now seems like a great time to update the S&P 500 roadmap many traders used throughout 2023. 🗺️

Below is a two-year daily candlestick chart with a few key indicators. The first is the 200-day moving average (blue), which traders use to track the long-term trend in the market. The next two are the anchored volume weighted average price (AVWAP) from the market’s 2022 highs and 2022 lows. Traders use this to track how the average buyer/seller has fared in the market from a specific date.

Read It

Stocks

February 16, 2024

Definitely “A” Top, Maybe Not “The” Top

We don’t want to say CNBC caused the top in Super Micro Computer Inc., but they definitely pushed sentiment over the edge. 🤪

Mania’s are hard to time, but most market participants agree that today was “a” top in the stock. What we all fail to agree on is whether it was “the” permanent top. Let’s see how it played out. 👇

Read It

Stocks

December 20, 2023

Stocks Reverse From All-Time Highs

For seemingly no good reason, the stock market experienced its first bout of volatility in several weeks today. The sharp turnaround had some latecomers to the party asking how this could happen to them. As such, it seems like a good time to update our handy S&P 500 roadmap we’ve shared throughout the year. 🗺️

The last time we checked in on this was in early November when stocks found support at a confluence of “technical” levels that many market participants were watching. Since then, it’s been quite the wild ride, with the S&P 500 rallying over 16% in about eight weeks and approaching its all-time highs from 2022.

Read It