$Amazon (AMZN.US)$
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9 Aug 2024 : strong earnings growth its e-commerce, media, and advertising segments. Main spotlight on AWS, generates the majority of its profits. Do custom chip designs for AI mean AWS could be a future "Nvidia killer?

Morning Movers
Gapping up
$NVIDIA (NVDA.US)$ stock increased by 1.0%, with analysts at Barclays suggesting that the chipmaker's forthcoming earnings report may be a significant driver for Big Tech stocks.
$Paramount Global-B (PARA.US)$ stock climbed 4.3% as the entertainment company surpassed profit expectations and its streaming business reported its first quarterly profit in three years. The company also revealed plans to reduce 1...

Since the beginning of 2023, the S&P 500 $S&P 500 Index (.SPX.US)$ and Nasdaq $Nasdaq Composite Index (.IXIC.US)$ have surged, leaving the U.S. small-cap stocks lagging behind.
However, market funds began shifting towards rate-cut trades after July 11, selling tech stocks and buying small-cap stocks which are more rate-sensitive. The Nasdaq, dominated by large tech companies, has dropped over 10% since then, while the Russell 2...

$NVIDIA (NVDA.US)$
Disclaimer: Predicting stock price trends is only convenient to have a trading idea during trading. Even if stock price predictions are accurate, improper trading strategies will still cause loss of money. Therefore, predicting whether the stock price itself is accurate is actually of little significance; more, it is necessary to adjust trading ideas in a timely manner according to market conditions.
1. First, let's review the market
The Nasdaq index has now stopped falling at the bottom and stabilized. It is expected that [8.9-8.16] will still rebound slightly within the next week, and continue to fall in the future.
After experiencing a broken decline from July 30, Nvidia is now also showing signs of stabilization. The target price for a small rebound is expected to return to the 115 range. The time period is from August 9 to August 16. In late August, it is estimated that Nvidia will continue to fall below 90 yuan and enter the 80-90 range.
II. Nvidia's individual stock market deduction
The market for the week of July 30 resumed, from a break on the 30th and a strong rebound the next day, followed by a continuous decline, and closed at a low of around 100 on Friday. As far as the environment where technology stocks were clearly weakened at the time. Nvidia has broken ground, and a downward trend has begun.
1. Judging from the feedback from our customized indicator DKW, there was no obvious breakdown in the July 30 and 31 market, especially the blue K-line chart for the 31st closing day. This is also a sign of a trend reversal, but specifically an upward reversal...