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MainNewsNvidia (NVDA...

Nvidia (NVDA) Holds Key Levels as Dow Futures Dip & SOUN, RGTI Surge


Dec, 27, 2024
2 min read
by Vladimir Popescu
for Watcher.Guru
Nvidia (NVDA) Holds Key Levels as Dow Futures Dip & SOUN, RGTI Surge

Nvidia stock is trading at key price levels around $140, while Rigetti Computing (RGTI) and SoundHound (SOUN) skyrocketed in response to AI market momentum. With Dow futures dropping 0.2% Friday, investors focused on the dramatic moves in speculative AI stocks.

Also Read: Crypto Fuels Russia’s De-Dollarization — Global Power Shift Looms

Understanding Nvidia’s Role in Market Volatility, Dow Futures, and Crypto Surge

us military stocks
Source: AFP 2023 / JEWEL SAMAD

Market Overview

“The stock market rally shrugged off modest early losses after the Christmas holiday,” as Dow futures fell 0.2%. The Nasdaq Composite held steady.

Nvidia’s Technical Position

“Nvidia edged lower Thursday, trading around key levels after just flashing a buy signal Tuesday.” The stock fell 0.2% to $139.93. Two key levels matter now: support at $137.73 and a potential buy point at $146.54. Other AI chip stocks currently show more strength.

Also Read: $460 Investment in Dogecoin Turns $1 Million

AI Stock Leaders and Market Dynamics

Rigetti Computing, Inc. (RGTI)
Source: Yahoo Finance

Rigetti Computing (RGTI) dominated headlines with a 36% surge to $15.44, marking a 406% December gain.

SoundHound AI (SOUN)
Source: Yahoo Finance

SoundHound AI (SOUN), backed by Nvidia, similarly impressed with a 19.7% jump to $24.23, up 160% this month.

Source: Yahoo Finance

Small caps showed broad strength as the Russell 2000 (^RUT) rose 0.9%, while Rocket Lab (RKLB) (see below) added 6.9% to reach $28.44.

Source: Yahoo Finance

Emerging Stock Setups and Market Indicators

Several stocks show promising patterns amid market swings. Burlington Stores, Boston Scientific, MasTec, and Vertex caught traders’ attention. Boston Scientific leads healthcare names. The healthcare sector ETF gained 0.2%, while Nvidia’s stock suggests consolidation before its next move.

ETF Performance and Economic Indicators

Growth funds split paths. The IBD 50 ETF rose 1%, but the VanEck chip fund, where Nvidia leads holdings, dropped 0.2%. Treasury yields touched 4.64%, the highest since May, before settling at 4.58%. Market volatility remains the key theme across sectors.

Also Read: Cardano: AI Predicts How High Can ADA Surge In 2025

Read the article at Watcher.Guru

Read More

JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

Bank behemoth JPMorgan Chase says one stock market index looks primed to pull off a r...
Apr, 05, 2025
2 min read
by The Daily Hodl
Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It?

Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It?

Nvidia stock is currently hovering around the $101 mark on Thursday, down over 7% ami...
Apr, 04, 2025
3 min read
by Watcher.Guru
MainNewsNvidia (NVDA...

Nvidia (NVDA) Holds Key Levels as Dow Futures Dip & SOUN, RGTI Surge


Dec, 27, 2024
2 min read
by Vladimir Popescu
for Watcher.Guru
Nvidia (NVDA) Holds Key Levels as Dow Futures Dip & SOUN, RGTI Surge

Nvidia stock is trading at key price levels around $140, while Rigetti Computing (RGTI) and SoundHound (SOUN) skyrocketed in response to AI market momentum. With Dow futures dropping 0.2% Friday, investors focused on the dramatic moves in speculative AI stocks.

Also Read: Crypto Fuels Russia’s De-Dollarization — Global Power Shift Looms

Understanding Nvidia’s Role in Market Volatility, Dow Futures, and Crypto Surge

us military stocks
Source: AFP 2023 / JEWEL SAMAD

Market Overview

“The stock market rally shrugged off modest early losses after the Christmas holiday,” as Dow futures fell 0.2%. The Nasdaq Composite held steady.

Nvidia’s Technical Position

“Nvidia edged lower Thursday, trading around key levels after just flashing a buy signal Tuesday.” The stock fell 0.2% to $139.93. Two key levels matter now: support at $137.73 and a potential buy point at $146.54. Other AI chip stocks currently show more strength.

Also Read: $460 Investment in Dogecoin Turns $1 Million

AI Stock Leaders and Market Dynamics

Rigetti Computing, Inc. (RGTI)
Source: Yahoo Finance

Rigetti Computing (RGTI) dominated headlines with a 36% surge to $15.44, marking a 406% December gain.

SoundHound AI (SOUN)
Source: Yahoo Finance

SoundHound AI (SOUN), backed by Nvidia, similarly impressed with a 19.7% jump to $24.23, up 160% this month.

Source: Yahoo Finance

Small caps showed broad strength as the Russell 2000 (^RUT) rose 0.9%, while Rocket Lab (RKLB) (see below) added 6.9% to reach $28.44.

Source: Yahoo Finance

Emerging Stock Setups and Market Indicators

Several stocks show promising patterns amid market swings. Burlington Stores, Boston Scientific, MasTec, and Vertex caught traders’ attention. Boston Scientific leads healthcare names. The healthcare sector ETF gained 0.2%, while Nvidia’s stock suggests consolidation before its next move.

ETF Performance and Economic Indicators

Growth funds split paths. The IBD 50 ETF rose 1%, but the VanEck chip fund, where Nvidia leads holdings, dropped 0.2%. Treasury yields touched 4.64%, the highest since May, before settling at 4.58%. Market volatility remains the key theme across sectors.

Also Read: Cardano: AI Predicts How High Can ADA Surge In 2025

Read the article at Watcher.Guru

Read More

JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

Bank behemoth JPMorgan Chase says one stock market index looks primed to pull off a r...
Apr, 05, 2025
2 min read
by The Daily Hodl
Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It?

Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It?

Nvidia stock is currently hovering around the $101 mark on Thursday, down over 7% ami...
Apr, 04, 2025
3 min read
by Watcher.Guru