Watching NVDA and ORCL in Aftermath of Trump's $500 billion AI Infrastructure Pledge
Here are some setups that we need to see and watch during the upcoming hours:
-- NVDA and ORCL in the aftermath of Trump's $500 billion AI infrastructure pledge...
As long as any forthcoming weakness in NVDA is contained above 136.70, the current upleg off of the 1/13/25 low at 129.11 projects to new ATHs into the 156 to 163 target zone... Last is 145.31...
ORCL entered a new upleg from its corrective low at 152.22 also established on 1/13/25, but the rally was supercharged yesterday with Trump's announcement (see Seeking Alpha article below). As long as any pullback is contained above 177.20 on a closing basis, ORCL points next to a new ATH at 205-210... Last is 190.20...