Tech Stock Forecasts – NVDA, AMD, and ORCL Test Key 50-Day EMA Support
The article is a technical analysis update on NVIDIA, AMD, and Oracle, with Nvidia identified as the main focus. NVDA is consolidating near recent highs and holding above key moving averages ahead of its Aug. 26 earnings call, which supports a bullish near-term tone. AMD is pulling back slightly after a strong run, trading around its 50-day EMA with $450 viewed as near-term support, suggesting a possible pause or sideways consolidation after doubling since April. Oracle recently dipped below its 50-day EMA but quickly rebounded, and its hammer candlestick plus elevated volume are seen as constructive signs; the next upside target is around $160 and then the 200-day EMA. Overall, the piece frames AI infrastructure names as technically well-supported but mixed in momentum, with NVDA strongest and AMD/ORCL needing confirmation of renewed buying.