SK Hynix approached a key point of resistance (previous all-time high), got rejected, and is now rolling over slightly.
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AMD, Micron, Nvidia - Prices Fall As 48 Hour Countdown Begins
The creator discusses the recent downturn in AI and semiconductor stocks, with the exception of Nvidia. They highlight Micron's upcoming earnings and potential buying opportunities amidst the market dip. The video also touches on Nvidia's stock buyback program and new AI safety platform as reasons for its resilience.
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Tickers discussed in this post
Amazon is in the red, along with other hyperscalers, indicating broad market weakness.
Microsoft is in the red, along with other hyperscalers, indicating broad market weakness.
Salesforce is down, indicating a broader market weakness.
SanDisk is down, extending the decline into computer hardware.
Marvel is also down as part of the broader market decline.
Qualcomm is down 6% amid a sell-off in technology stocks.
Intel is down 6% as part of the broader market weakness in the semiconductor sector.
Nvidia is performing well due to a $150 billion stock buyback increase and the launch of an open agent safety platform.
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