AI Bubble Stocks Test Key Moving Averages Ahead of Earnings
Nvidia, CrowdStrike, and Marvell are testing key moving averages ahead of their earnings reports.
The companies' shares have been on a tear recently, with Nvidia up over 150% in the past year, CrowdStrike up over 200%, and Marvell up over 300%. However, as Ed Zitron points out, big tech is 'handing money to itself' to inflate the AI bubble.
The moving averages are a key indicator of the companies' stock performance. If they hold above these levels, it could be a bullish signal for investors. On the other hand, if they break below, it could indicate a potential decline in share price.