I would try to share a few semiconductor stocks with AI theme, using technical analysis. For those who follow me, I used to share frequently the simple stechnical analysis of the stocks but due to busy with my personal life, I stopped for a while already.
AMD
Quite a famous stock these few days, AMD. This is because AMD launches new AI chips that will compete against NVIDIA to power AI applications. Moreover, Microsoft and Meta had committed to use this new chip which is cheaper. For such, we can observe a bullish movement of the stock with a big green candle on Thursday. It's a nice breakout with solid volume. I believe this resistance breakout around 125 USD will send the stock higher next week. $Advanced Micro Devices(AMD)$
AMD
NVDA
Now, let's look at the AI market leader, NVIDIA. Without doubt, NVIDIA has dominated the AI chip market for the past year, but cloud providers and technology companies have been searching for an alternative to reduce costs and provide flexibility. But then from the share price, we can see that NVIDIA still able to sustain well at high valuation, with a healthy correction over the past weeks and now it's ready for another rally, confirmed by the 2nd green candle on Friday. $NVIDIA Corp(NVDA)$
NVDA
PLTR
How about PLTR? The stock had been doing extremely well after its recent earnings release. The stock continued to rally until end of Nov where it retraced and now trying to close the previous gap up. In overall, the trend is still healthy although the momentum becomes weaker as the candle stays below EMA50 support. Anyway, we saw some good sign this Friday, as the stock seems to find its bottom and a reversal is to be expected. Let's monitor this next week $Palantir Technologies Inc.(PLTR)$
PLTR
C3
A meme AI stock that disappoints most of its investors. From the recent few earnings results, the company was not doing great and the achievements were well below expectations, that resulted in a poor share price. It's good that the stock manage to form a potential bullish engulfing signal last night, compensating most of the losses after the disappointing results. The stock restands back to EMA 200 trend line and will probably continue its rebound next week. $C3.ai, Inc.(AI)$
C3
SOXL
Last but not least, as most of the semiconductor stocks are supporting the AI development, so I do believe the SOXL ETF will be in a bullish form too for next week. It's forming a higher low which is a bullish sigh! $Semiconductor Bull 3X Shares(SOXL)$
SOXL
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