Tech Stocks Rebound: Nvidia, Apple Technical Analysis
Nvidia and Apple are two tech stocks that have been under scrutiny following recent market fluctuations. In particular, Nvidia sold off sharply during its earnings call, but has since been grinding higher.
According to TradingView, Apple is currently trading at $319.70, well above both EMAs (Exponential Moving Averages), and holding strong above the 317.00 level with support at 300.00 as a key target.
The writer of this piece still likes Apple but notes that it 'has got some work to do in the AI sphere of influence.' Nvidia, on the other hand, has struggled to keep up in artificial intelligence, often doing better when the sector is down.