NVDA had a pocket pivot breakout on news it had committed $100 billion to ChatGPT creator OpenAI to build out data centers. Nvidia’s stock climbed more than 3% on the news which suggests that not only does the market believe it can afford the partnership, but it assumes every dollar invested now will compound into further dominance later.
Meanwhile, AAPL and GOOGL continue to fly along with other Magnificent 7 names who are near new highs. Those who already hold positions if they took action from prior member reports can look to pyramid at logical entry points.
The eighth 'Mag 7' ORCL also looks to be turning higher after a volume dry-up into its 10-dma.
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