May 23, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Nvidia Earnings

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

• The Morning Capsule is about the big picture.  The chart of NVDA stock is being used to illustrate the point.
• The chart shows the gap up in NVDA stock after earnings.
• The chart shows that NVDA stock has broken out from a technical perspective.
• RSI on the chart shows that even though NVDA stock is overbought, there is more room to run.
• Nvidia reported earnings significantly better than the consensus but in line with the whisper numbers.