"After dipping below its 50-day moving average, shares of Nvidia ( NASDAQ: NVDA) are just starting to regain some lost momentum. Up about $2 in premarket, it's oversold at triple bottom support dating back to September. From its last traded price of $174.14, we'd like to see NVDA initially retest $200. Not only is Nvidia still riding Micron's earnings and guidance, but it's also still riding a Barclays upgrade to a buy rating thanks to the likelihood of further AI spending. "We are OW as the company has long-term sustainable growth led by a large lead in GPUs for AI in DC, with further Edge opportunities (autos, robots, etc.) and a competitive moat around a large portion of the market," said the firm, as quoted by CNBC."
"Shares of Oracle ( NYSE: ORCL) are up more than $7 a share in premarket. After getting crushed earlier this week, the tech giant is also benefiting from Micron's blowout earnings and guidance. Helping, Oracle and TikTok agreed to sell their U.S. operations to a new joint venture that includes Oracle and private investors at Silver Lake. Plus, as I said this week, "Wells Fargo, for example, has an overweight rating with a $280 price target. Bank of America has a buy rating and a price target of $300. Barclays has an overweight rating with a price target of $310 a share. UBS has a buy rating with a $325 price target.""
"With Bitcoin plummeting over the last few days, shares of Strategy ( NASDAQ: MSTR) dropped along with it. In fact, since peaking at around $360, MSTR is now down to $158.24. But it is starting to show some signs of life this morning, with Bitcoin up about $731. Helping, Bitcoin is gaining momentum on news that the Bank of Japan hiked its rates to a 30-year high of 0.75%, as the Yen"
Nvidia fell below its 50-day moving average and sits at triple bottom support after trading at $174.14, showing oversold indicators and a short-term target to retest $200. Barclays upgraded Nvidia to buy, citing a durable GPU lead for data-center AI and edge opportunities that create a competitive moat. Oracle rallied premarket after being hit earlier in the week, benefiting from Micron's strong results and a planned U.S. JV with TikTok and Silver Lake, while multiple banks set price targets up to $325. Oracle shows oversold technicals and a potential gap refill near $220 toward $280. MicroStrategy plunged with Bitcoin but began to recover as Bitcoin gained on a BOJ rate hike.
Read at 24/7 Wall St.
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