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Brief news summary
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, are tilting higher. Nvidia and several other companies in the AI chip sector are currently working on potential bases. Despite some daily swings, the stock market has been trading relatively tightly since early March. The 10-year Treasury yield has reached its highest level in 2024. In terms of specific stocks, Nvidia is close to forging a new base, while Broadcom, Taiwan Semiconductor, and Astera Labs are also working on potential bases. Super Micro, closely tied to AI chips, is also working on a base. Tesla experienced a retreat last week, but shares jumped on Friday after Elon Musk announced the unveiling of a robotaxi on August 8. Overall, investors should closely watch the market and consider incremental buys, as it is still a rangebound market.Dow Jones, S&P 500, and Nasdaq futures all tilted higher on Sunday. Several companies, including Nvidia, are working on potential bases in the AI chip industry. The stock market had a pullback last week, but rebounded on Friday.
It's still a rangebound market, but investors can consider incremental buys. Nvidia, Broadcom, Taiwan Semiconductor, Astera Labs, ARM Holdings, and Super Micro Computer are all working on bases or consolidations. Tesla stock retreated due to weak first-quarter deliveries, but saw a jump on Friday due to the announcement of a robotaxi.
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