The Biden Administration’s Pause: Nvidia’s Microchip Sales Affected In a strategic move with global implications, the Biden administration has halted Nvidia Corp.’s (NASDAQ: NVDA) microchip sales to the Middle East. The concern at hand is the potential re-export of these chips to China, a bold geopolitical maneuver recently highlighted by the Telegraph’s James Titcomb. National…
Artificial intelligence has swiftly entered the common vocabulary of most investors, a trend that hasn’t escaped the attention of Cathie Wood, the visionary behind Ark Invest. Wood’s involvement with Nvidia Corp (NASDAQ:NVDA) dates back to at least 2016, and according to her, the AI trade still holds great promise. In fact, she believes that AI…
In recent trading sessions, the Direxion Daily Semiconductor Bull 3X Shares (NASDAQ:SOXL) exhibited a modest spike before stabilizing near Thursday’s closing price. The ETF’s recent upward movement follows a breakout from an inside bar pattern highlighted by financial analysis platform Benzinga on June 28. As the semiconductor sector enters a bullish cycle, notable industry players…