NMS Investment Research

The S&P 500 bounced off the trendline support and broke above its 50-day EMA on Friday after Microsoft, Alphabet and Meta reported better-than-expected earnings during the week. Over 60,000 AI and machin e learning startups could keep data centers busy for the time being. Nvidia stock was up over 10% for the week after the company delivered the first DGX GH200 supercomputer to OpenAI. The next Fed Meeting is on April 30 and May 1. The market is expecting that the Fed will cut interest rate s at least twice this year, beginning in September. Maybe we will see a breakout after the Fed meeting. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

Nvidia stock tumbled over 1 4 % for the week, taking the S&P 500 along with it, down 3.05%. The index could bounce off its 100-day EMA or pull back further to retest the Jan 19 breakout, ~ 4,900. Nvidia Q 1 FY2 5 earnings report is still 5 weeks away, but one should keep an eye on the commentaries from Microsoft, Meta and Google, the biggest spenders on H100 GPUs. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

  Nvidia stock tumbled over 10% on Friday and has now entered bear market territory, at $779.2 per share. The next support is its 100-day EMA. Nvidia Q 1 FY2 5 is still 5 weeks away, but one should keep an eye on the commentaries from Microsoft, Meta and Google, the biggest spenders on H100 GPUs. Investors may also want to pay attention to Tesla's earnings report on Tuesday. Elon Musk said the next-generation Grok 3 model will require 100k H100 GPUs to train. Things could change though, as Tesla stock has been crashing. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

Apple stock bounced off its trendline support on Thursday after Bloomberg reported that the company is planning to release new Macs equipped with AI capable M4 processors, beginning late this year. The technical specifications of the M4 chips are unknown at this point but it is safe to assume that they can easily outperform the Qualcomm Snapdragon X Elite. A descending chart pattern for AAPL has emerged and the stock could try to break its 200-day EMA next week. Buyers should be stepping in after the breakout. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !