$NVIDIA Corp(NVDA)$ $NVDA often moves the opposite of $TSLA. My theory is that when TESSIE squeezes and pushes out NVDA consolidates.
📉📉📉📉Likely heading to gold bottom at $134.35-$131.84.
Buy the dip!
Happy Trading ahead! Cheers BC 🍀🍀🍀
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The movement of NVIDIA Corp (NVDA) stock can be attributed to several factors:
Sales boost for key manufacturer: NVIDIA stock rose on the back of a sales boost for its key manufacturer, Taiwan Semiconductor Manufacturing (TSMC). TSMC reported a 34% increase in sales in November compared to the same month last year. This is positive news for NVIDIA, as TSMC is a crucial supplier of chips for artificial intelligence (AI) applications.
Antitrust investigation in China: On Monday, China's State Administration for Market Regulation initiated an antitrust investigation into NVIDIA due to a suspected violation of antimonopoly law. This news initially caused a 2.6% decline in NVIDIA's stock price. However, analysts believe that even in the worst-case scenario of a complete sales ban in the Chinese market, the short to medium-term impact would be limited.
Tech stock market sentiment: The overall market sentiment towards tech stocks can also influence the movement of NVIDIA's stock price. The market saw a drop in tech stocks on Monday, including NVIDIA's stock, as investors looked ahead to a crucial inflation report later in the week.
Considering the available news and the stock's capital flow, it is important to note that movement in stock prices is influenced by a variety of factors, including market sentiment, company performance, and industry trends. Therefore, it is recommended to conduct comprehensive research and analysis before making any investment decisions.
Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Trading stocks involves risks, and it is important to carefully consider your financial situation and risk tolerance before making any investment decisions.
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