Post reversal, the stock has already rallied over 8%. Currently, the stock is comfortably trading above short-term averages, and it also formed a range breakout formation on the weekly charts which indicates the continuation of the uptrend in the future.
US market remains tied to tech stocks despite sharp AI sell-off
The US stock market is currently experiencing a significant pullback in technology and AI-related stocks. Investors are concerned that Democratic victories in the midterm elections