Dow Jones AI Giants Nvidia, Amazon In Or Near Buy Zones; Avnet, Okta Are Stocks To Watch
Nvidia remains one of the key stocks to watch as the market rally broadens, with shares pulling back more than 2% intraday after recently triggering an early buy signal at 214.39 and edging toward a 236.54 cup-base buy point. The article frames Nvidia as a leader in the AI buildout, boosted by news that it is partnering with major financial firms on a $500 billion financing effort to support AI infrastructure. The piece also highlights Amazon, Okta, and Avnet as notable names near buy zones or constructive chart setups. Amazon is flirting with a 278.56 cup-base buy point after a strong post-earnings rally, while Okta is near forming a new base ahead of Aug. 26 earnings, and Avnet is holding above a 95.26 buy point after beating fiscal Q4 expectations. Overall, the article is bullish on leading growth stocks and suggests investors are increasing exposure as the S&P 500 and Nasdaq recover.