Nvidia is on a bad run, but the article suggests things could get much worse if its stock chart is any indication. The piece uses the stock chart as the basis for this view.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
NVDAtechnical analysistech stocks
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.64 |
| Change that session | -4.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- AAPL near-term setup: short-term bearish while long-term trend holds
Based on technical indicators, Apple (AAPL) shows Strong Sell signals on the hourly and daily charts, while the weekly trend remains Strong Buy, with the stock at $333.17 as of Nov 3. Hourly RSI at 30.37 is near oversold, and daily RSI at 42.73 signals weakening momentum, with the daily MACD histogram at -1.47. The weekly picture stays constructive, with weekly RSI at 57.88 and price above the 20-period weekly SMA of 325.02. Key resistance sits at $339.31; a drop below $326.39 would raise the odds of a deeper retracement. The article’s read is short-term bearish, medium-term corrective, and long-term still constructive.
- Alphabet Stock Heads for a Death Cross. There's Some Good News.
- Alphabet's stock just triggered a 'death cross.' Could the worst of the selloff be over?
Alphabet shares slid into a downtrend after a sell-off that followed its earnings report, but some trading signals point to a possible turnaround.
- Nvidia (NVDA) Just Overtook the 20-Day Moving Average
Nvidia (NVDA) has moved above its 20-day moving average, which the article presents as a sign of a short-term bullish trend. The stock has risen 7.7% over the past four weeks, and Zacks currently ranks it #1 (Strong Buy). The article also notes 13 upward revisions to the current fiscal year's earnings estimates and none downward, with the consensus estimate rising as well. It suggests investors may keep an eye on NVDA for further gains.
- Top Democrats call to rein in AI buildout after midterms sweep: 'National data center moratorium now'
After Democrats' midterm wins on Tuesday, Sen. Bernie Sanders called for a national data center moratorium, pointing to local referendums where voters approved restrictions on data centers. A CNBC Voter Poll found 56% of voters said AI and data centers were a crucial or major factor in their vote, and 65% of those voters backed a Democratic congressional candidate. Gina Hinojosa, who ousted Gov. Greg Abbott in Texas, pledged a moratorium on all data center approvals until the legislature passes protective laws. Chip stocks led the sell-off, with the iShares Semiconductor ETF (SOXX) tumbling nearly 9% on Tuesday, Nvidia down 8% and Advanced Micro Devices down more than 14%.
- Navitas Sinks 15% as AI Chip Stocks Slide After Midterms
Navitas Semiconductor (NVTS) fell 15% today, along with STMicroelectronics, onsemi and Microchip Technology, as AI chip stocks extended losses on concern that Democrats' midterm wins could slow the AI buildout. The decline came without company-specific news, a day after Navitas rose on a third-quarter beat, with revenue of $14.0 million, up 33% from the second quarter. Breakeven now requires more than $60 million in quarterly revenue, against $16 million guided for the fourth quarter, while fourth-quarter operating expenses are $25.0 million. Navitas expects AI infrastructure revenue to roughly triple in 2027, but at about 28x forward sales after the drop, the stock sits near its three-year average of 31x. NVIDIA's November 17 report is the next read on the 800-volt timing that Navitas's growth depends on.
Related markets
Latest news
- Bank Earnings Have Entered the Upside-Down
In this Motley Fool podcast recorded October 13, 2026, the hosts discuss the first major bank earnings reports, where JPMorgan posted EPS of 557 against expectations of 590, yet its stock rose while peers that beat estimates fell. Lou Whiteman attributes part of the miss to securities losses and slower investment banking, and says banks with heavy trading models did well while more diversified or rate-sensitive lenders showed signs of strain. Matt Frankel highlights card spending at major banks up 10% to 13% (6% to 9% after inflation), lower net charge-off rates and strong consumer credit quality, while business loans drove most reserve builds. The episode also covers the difficulty of automating warehouses and investment opportunities in robotics and automation.
- How Wall Street's postelection rally got obliterated — and what's next
The S&P 500 and Nasdaq posted their worst days since April 2025 on Thursday, as investors pulled out of tech stocks on fears that Democrats' midterm wins would slow AI data center construction. The Nasdaq fell about 4.5% into a correction, while the S&P 500 dropped about 4%, and all 11 sectors finished in the red. Neocloud providers were hit hardest: CoreWeave shares fell almost 9% and have lost more than half their value since the Nasdaq's October 6 record close, as Bloomberg reported Microsoft is tightening oversight of neocloud data center projects. Portfolio director Jeff Marks said hyperscalers, which already have large AI infrastructure, remain in a much better financial position than neoclouds to secure funding. Attention now turns to Friday's October jobs report, where economists expect 65,000 new jobs and a 4.2% unemployment rate, as odds of a December Fed rate hike fell from nearly 83% to 66% and the 10-year Treasury yield dropped back under 4.9%.
- Why Marvell Stock Is Falling Today
Marvell Technology (MRVL) shares fell 13.4% as of 2:42 p.m. ET on Thursday, November 5, as investors sold AI infrastructure stocks after Democrats flipped both houses of Congress and won key governorships. The article notes that new governors in Texas, Ohio and Georgia, major AI data center states, have promised construction moratoriums, and Marvell's networking chips move data inside those data centers. The stock is also under pressure from its all-stock deal, announced Monday, to buy AI photonics maker Lumentum for $115 billion, which could significantly dilute Marvell shareholders. Because the shares offered to Lumentum lose value as Marvell's stock falls, the article warns the deal could fall apart or be renegotiated with even more dilution.
- Himax Blames 'Abrupt nd Significant Correction' in Auto Chip Demand as Stock Crashes Nearly 30%. Is Now the Time to Buy?
Himax (HIMX) shares fell nearly 28% to $7.55 on Thursday after the chip designer forecast a steep revenue drop for the fourth quarter. President and CEO Jordan Wu blamed 'an abrupt and significant correction' in automotive display driver chip orders, saying customers that bought aggressively in earlier quarters sharply cut demand from early October. Third-quarter revenue rose 8.5% to $246.8 million and profit reached $18.6 million, above guidance. The fourth-quarter profit outlook of 4.5 to 6.5 cents per diluted ADS excludes an expected after-tax gain of about $19 to $20 million from selling an equity-method stake. Management still expects automotive chip sales to grow about 10% for the full year after a 16% rise in the first nine months, while foundries have announced significant price increases for 2027.
- Daily Roundup of Key US Economic Data for Nov. 5
US nonfarm productivity rose 3.6% in the third quarter after a 2.1% gain in the second quarter, reflecting faster output growth.
- Why AMD Stock Is Down Today
AMD shares were down 15.1% as of 2:38 a.m. ET on Thursday, Nov. 5, as a Democratic midterm victory triggered a chip stock sell-off. Investors fear a Democratic Congress will tighten rules on the AI industry, but the article says the bigger risk to data center build-out lies at state level, where new governors in Texas, Ohio and Georgia campaigned partly on data center moratoriums. The S&P 500 fell 3.9%, the Nasdaq Composite 5.0%, and the iShares Semiconductor ETF (SOXX) 7.5%. AMD had reported third-quarter sales up 45% to $13.4 billion, with data center revenue nearly doubling, but investors are now questioning whether the data centers buying its chips get built as fast as planned.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.