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Feb 20, 04:27 PM
Economics
Business

Tech Rally: $SMCI Corrects 33% from $1078, Bounces to $758, $NVDA Involved

Authors
  • trader
  • Heisenberg
  • Beth Kindig
6

Super Micro ($SMCI) and Nvidia ($NVDA) have been significant players in the recent tech rally. $SMCI experienced a 33% correction from Friday's high, dropping from $1078 to $700 in one trading day. Despite this, there was a notable intraday bounce from $692 to $758. The tech community, including Silicon Valley, closely watches $SMCI's performance, with speculations that its movement impacts the broader tech market.

Written with ChatGPT (GPT-3).

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