Nvidia, chip stocks waver after previous day’s sell-off

By X-blogger - on September 5, 2024

Nvidia’s shares recouped earlier losses to trade higher, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI optimism on Wall Street held out despite concerns around the stocks’ lofty valuations.

The last session saw Nvidia’s stock gain 0.7%. The Stochastic indicator is giving a negative signal.
Support: 104.79 | Resistance: 119.42

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