NEWS
Nvidia Faces A Reversal Of Fortune

The major U.S. indexes closed red today as stronger-than-expected economic data crushed hopes for a first-quarter rate cut. Treasury yields surged, with the 10-year hitting its highest level since 2007, weighing on stocks as investors grappled with higher-for-longer rate expectations. 👀

Today's issue covers Nvidia’s 9% reversal, JOLTs data dampening rate cut odds, JPMorgan’s back-to-office mandate, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 2 of 11 sectors closed green, with energy (+1.00%) leading and technology (-2.01%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $SANA, $CALM, $AZZ, $UNF, $MAIA 📉 $RMCO, $DG, $MBLY, $MDIA, $POWW*

*If you’re a business and want to access this data via our API, email us.

COMPANY NEWS
How About That Candle? 🫠 

Directly after the Consumer Electronics Show (CES) 2025 keynote from Nvidia CEO Jensen Huang, over 70% of Stocktwits investors polled said the developments made them “more bullish” on the stock. However, today’s price action threw a wrench in the stock's short-term trajectory, so it’s worth revisiting. 😐️ 

Stat master Jason Goepfert shared a crazy stat: Nvidia hit a 52-week high on the same day it closed lower than 50 days ago. This was the most material decline in the stock’s history, raising eyebrows among both bulls and bears. With that said, the latest date that came close was November 10, 2005, when the stock bottomed and then doubled over the next six months. So it’s interesting, but unlikely, a death knell.

Below, the stock’s nearly 9% intraday reversal prints quite the candle. In technical analysis, this is called a “bearish engulfing” candle, but it relies on follow-through the next day to validate a reversal and signal more downside. ⚠️ 

For now, prices are simply revisiting their June highs and settling into the middle of a multi-month range. What does the Stocktwits community think? Retail sentiment is still ‘extremely bullish,’ with nearly 75% of the 1.4k people polled seeing further upside for Nvidia as a leader in the artificial intelligence (AI) space. 🤖 

We’ll see how the stock acts in the coming days and weeks. For now, head over to the Nvidia symbol page to cast your vote and discuss how the latest price action in the stock changes your view of Nvidia and the overall semiconductor space. 🗳️ 

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