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from24/7 Wall St.
3 days agoIs the Stage Set for a Santa Rally? 2 Stocks That Could Benefit Most
Nvidia remains a strong long-term value despite seasonal rally uncertainty and rising TPU competition.
Perhaps as a foretaste of seasonal volatility stocks fell Friday as US tech - specifically chipmakers - wobbled, with the Nasdaq down more than 1% for the session. Nvidia was down more than 3% to extend its weakness in the wake of earnings. This seemed to weigh on Asian equities on Monday, but Hong Kong rallied 2% on a huge surge in Alibaba shares, which jumped 15% on its AI revenue growth.