Since Jensen Huang hasn’t yet announced to the world that demands are strong for their chips (which, duh, of course, they are, since every funded AI company on the planet has no choice but to buy Nvidia chips), NVDA is backing off from its unhinged rally from Wednesday.
Arm Holdings (ARM) is playing along, turned away from its most recent top.
Advanced Micro Devices (AMD) has stalled out at its trendline.
It’s all just musical chairs for the next two days, however, as the market tends to go into a cardiac arrest until the Fed does their thing, with the /ES just sitting and spinning spasmodically since yesterday, going absolutely nowhere.
