On Friday, equities experienced multiple top and reversal patterns, notably in the semiconductor sector with $SOXX down 4% and $NVDA down 5.6%. Nvidia's chart showed a downside reversal, but the stock bounced back and turned green. Analysts anticipate a potential run into the Nvidia GTC event next week. The market is speculating on Nvidia's future performance following recent events like the Nvidia conference and the Game Developer Conference. CNBC suggests that Nvidia's key reversal on Friday could signal a broader stock market correction. Additionally, Oracle announced upcoming joint announcements with Nvidia, hinting at exciting developments to come.
Big things are brewing! Get ready for our game-changing announcement on March 18th during @NVIDIAGTC. We’re thrilled to share, but can’t say more yet so stay tuned. #gtc24 #edgeai #NVIDIA #techannouncement https://t.co/epyoxVpS6A
Oracle $ORCL said it’s going to have “exciting joint announcements” with Nvidia $NVDA soon
Why Friday’s key Nvidia reversal could mark the start of a broader stock market unwind https://t.co/wbkT9jFUDa