$NVIDIA Corp(NVDA)$ I brought the dip during the panic and now it's trying to settle in with $SPDR S&P 500 ETF Trust(SPY)$ bouncing on the re-test. Analysts are trying to work it out. The dip was always coming in October, given that we are still technically in Seasonal weakness, even though the market has been strong since last year. This really wasn't a big dip and we could be in for a bigger drop yet. Historically we may not see a market reversal until the first week of November or just prior to the election on the 5th.
$ASML Holding NV(ASML)$ getting crushed!
🇺🇸 FED'S DALY JUST SAID
3% RATE MAY BE AROUND NEUTRAL
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Based on the available news and analysis, here are the key reasons for the movement of the mentioned stocks:
NVIDIA Corp(NVDA): NVIDIA stock has been affected by multiple factors. One factor is the caution expressed by Dutch chip-making equipment giant ASML, one of NVIDIA's suppliers. ASML's outlook reflected growing caution among its customers and a longer-than-expected recovery in the overall chip market. This news had a negative impact on chip stocks, including NVIDIA. Additionally, there was a leak of ASML's earnings results, which were interpreted as disappointing by investors. The leaked forecast for ASML's 2025 net sales fell short of consensus estimates. These factors contributed to the decline in NVIDIA's stock price.
SPDR S&P 500 ETF Trust(SPY): The movement of the SPY ETF, which tracks the S&P 500 index, is influenced by various market factors. The mention of a potential dip in October and the seasonal weakness of the market are speculative observations. It is important to note that historical patterns are not always indicative of future market movements. The market may continue to experience volatility leading up to the first week of November and the upcoming election.
ASML Holding NV(ASML): ASML's stock experienced a significant decline following the company's tepid outlook and leaked earnings results. ASML pointed to growing caution among its customers and a longer-than-expected recovery in the chip market. This cautious outlook, combined with the lower-than-expected net sales forecast for 2025, had a negative impact on ASML's stock price. Chip stocks, including NVIDIA, Intel, Advanced Micro Devices, and Broadcom, also declined in response to ASML's news.
It's important to note that stock movements are influenced by various factors, including market conditions, company-specific news, economic indicators, and investor sentiment. It's recommended to conduct thorough research and analysis before making any investment decisions.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. It is important to carefully consider your investment objectives and risk tolerance before making any investment decisions.
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