Nvidia projected strong revenue exceeding analyst expectations, countering AI bubble concerns. The company anticipates a significant revenue surge in upcoming quarters, signaling sustained demand for its AI chips. This positive outlook boosted Nvidia’s stock and related tech companies, indicating robust momentum in the AI industry.
Negative Breakout: These 8 midcap stocks cross below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 24, according to technical scan data from StockEdge.