Calm Before the Storm: 3 Semiconductor Giants Share 1 Chart Pattern
Nvidia (NVDA), Advanced Micro Devices (AMD), and Micron Technology (MU) have compressed into the same symmetrical triangle on their daily charts. All three semiconductor stocks closed higher on Tuesday, hours before Nvidia reports Q2 earnings.
These three semiconductor stocks are the largest in the S&P 500 electronic technology group. Each shows falling volume and a relative strength index near 50, which signals indecision rather than direction.
Tuesday's session favored these three specifically. Apple (AAPL) slipped 0.14%, and Broadcom (AVGO) fell 0.56%, while all three chip names closed green.
| Stock | Close (Aug. 25) | 1-day | 52-week range | Market cap | Avg. analyst target |
|---|---|---|---|---|---|
| NVDA | $213.05 | +2.19% | $164.07 to $236.54 | $5.16T | $305.41 |
| AMD | $479.18 | +4.91% | $149.22 to $584.73 | $782B | $612.29 |
| MU | $932.97 | +2.48% | $114.25 to $1,255.00 | $1.05T | $1,515.11 |
Nvidia Holds $210 Support Into Earnings
Nvidia's daily chart shows lower highs from the May peak at $236.54 and higher lows from the April bottom near $165. Price closed Tuesday at $213.05.
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