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Nvidia Chipmaker Nears Buy Point as Nasdaq Hits Record High

U.S. stocks rallied to record Nasdaq and S&P 500 highs on Iran talks optimism and falling oil prices, placing Nvidia chipmaker and peers like Caterpillar near key buy points. Viking Holdings broke out with a 6.8% jump to $85.80, Caterpillar reclaimed its $789.81 entry up 2.85% to $794.65, while TSMC forms a handle near $370.50 after EPS surging 64% to $3.50. Robust AI-driven chip demand and earnings beats prompted IBD to raise equity exposure to 80%-100%.

Category

NVIDIA

Sentiment

Bullish

Event

Technical analysis

Reading time

1 min