NvidiaSkerdian Meta•Tuesday, January 28, 2025•2 min read Add an article to your Reading ListRegister now to be able to add articles to your reading
Nvidia
Skerdian Meta•Tuesday, January 28, 2025•2 min read
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MARKETS TREND
US stock markets staged an impressive rebound following yesterday’s sharp declines, with the Nasdaq showing the strongest recovery at 2.0%, fueled by optimism in tech-heavy sectors.
The S&P500 also posted solid gains of 1%, reflecting broad market strength despite ongoing uncertainties, while the Dow Jones and Russell 2000 made some minor gains. Nvidia stock dipped below the 100 SMA (red) on the daily chart early at the opening but climbed above $120 again and formed a bullish daily candlestick, so the trend remains upward. Yesterday $600 billion were wiped out of Nvidia’s value as a company, falling to $2.9 trillion, today the market cap increased to $3.16 trillion.
After-hours earnings results further lifted sentiment, as Starbucks and Stryker exceeded expectations, boosting their shares in extended trading. The positive momentum in these key earnings reports suggests resilience in consumer spending and corporate performance, despite the challenging economic backdrop. However, volatility remains a factor, as markets continue to react to broader economic data and central bank policies. This rebound highlights a mix of cautious optimism and selective sector strength driving market performance.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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