CHINA APPEARS TO LEAPFROG U.S. IN AI, INVESTORS SELLING NVIDIA AND BUYING CHINESE AI STOCKS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
AI Race
Please click here for a chart of Nvidia stock (NVDA).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point.
- The chart shows NVDA previously reached the low band of the micro resistance zone.
- The chart shows in the early trade, NVDA has fallen below the resistance zone, which was previously a support zone.
- RSI on the chart shows that NVDA is not oversold even with the drop this morning, indicating there is more room to the downside.
January 27, 2025