As Nvidia Faces Test, This Mag 7 Wants To Make Resistance Futile
Posted on AllSides August 22nd, 2024
From The Right
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With earnings due Aug. 28, Nvidia (NVDA) is about to test its mettle — and a new buy point. Fellow Magnificent Seven stock Meta Platforms (META) has already entered the arena as the social media and artificial intelligence giant continues to test resistance around the 540 mark. A breakout from its current base would propel Meta stock to an all-time high. As of Wednesday's close, Nvidia and Meta have far outpaced their Magnificent Seven brethren in terms of year-to-date stock performance. Both stocks have shown more resilience in the face...
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