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Nvidia Stock Surges as Foxconn Announces Massive AI Server Facility

Nvidia (NVDA) stock rose on Tuesday after Foxconn, the world’s largest contract electronics manufacturer, touted strong demand for artificial intelligence servers. Nvidia (NVDA) shares surged on Tuesday after Foxconn, the world’s largest contract electronics manufacturer, announced strong demand for AI servers. During its annual tech day, Foxconn revealed it is constructing the world’s largest AI…

ByPexecoOctober 9, 20240Comments

Stocks

Key Levels to Watch as Nvidia, Microsoft, and Apple Compete for Market Cap Leadership

KEY TAKEWAYS As Nvidia, Microsoft, and Apple jostle for the mantle of the world’s most valuable company by market capitalization, watch out for these key chart levels. Monitor if buyers can defend an uptrend line in Nvidia shares around $87 during periods of profit taking. A breakdown below a key uptrend line in Microsoft shares…

ByPexecoJune 19, 20240Comments

Stocks

Why a $70B Fund Will Likely Load Up on Nvidia Stock, Dump Apple This Week

KEY TAKEWAYS The Technology Select Sector SPDR Fund (XLK) will likely be forced to buy billions of dollars worth of Nvidia stock—and dump a similar amount of Apple—when it rebalances this week. Nvidia’s weight in the ETF is expected to nearly quadruple after its float-adjusted market cap exceeded Apple’s at the end of last week.…

ByPexecoJune 18, 20240Comments

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Key Levels to Watch as Nvidia, Microsoft, and Apple Compete for Market Cap Leadership

Why a $70B Fund Will Likely Load Up on Nvidia Stock, Dump Apple This Week