Reverse H&S formation might pave way to $70s. Stays comfortably above 200dma with strong uptrend. Amazon recently signed agreement with Dominion Energy to explore energy opportunities with Modular Nuclear Reactors. Nuclear names getting boost recently with expected energy demand from AI boom.
Nvidia (NVDA) continues to defy gravity, hitting $140 in pre-market trading today. This translates to: A 23% increase in June alone A 55% increase in Q2 A staggering 184% increase since the beginning of the year A 225% year-to-date (YTD) surge These are the kinds of figures we've come to expect from Nvidia, making even impressive YTD gains of 27% by companies...
Copper has been in an uptrend since february 2024. Price is currently outside Bollinger bands (50 period). Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom. With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it...