
U.S. VS. CHINA – NVIDIA HELPS COMPETITOR INTEL, HUAWEI ROADMAP TO CHALLENGE NVIDIA; MARKET DISCOUNTS FIVE CUTS
By Nigam Arora
To gain an edge, this is what you need to know today.
U.S. Vs. China
Please click here for a chart of Intel stock (INTC).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of INTC stock is being used to illustrate the point.
- The chart shows INTC stock has jumped about 30% on the news that Nvidia (NVDA) will invest $5B in Intel and co-develop chips.
- The chart shows that INTC stock has broken out.
- The chart shows INTC stock is nearing zone 2 (resistance).
- RSI on the chart shows INTC stock is overbought.