Welcome back to Trading The Close. Today belongs to the giants. Exactly six months after its previous peak, NVIDIA ($NVDA) has pushed into new All-Time High territory. Given its massive market cap, NVDA moves like the Titanic—it doesn’t make sharp turns often—which makes the verticality of this push since the March lows even more astounding.
🚢 The Titanic of Tech: NVDA New ATH, NVDA is officially the largest company in the world again, but with great power comes a technical challenge. The Warning: The Daily RSI is currently screaming overbought at 75. Maintaining these gains without a period of consolidation will be the ultimate test for the bulls. The Analysis: We look at the 6-month cycle completion and identify the next “measured move” targets.
📱 The AI Smartphone Race: QCOM & OpenAI, Qualcomm ($QCOM) was a massive winner today on reports of a blockbuster collaboration. The Catalyst: Reports indicate QCOM is working directly with OpenAI to develop specialized AI smartphone chips, with mass production slated for 2028. This shifts the narrative from data centers to the “AI in your pocket.”
📈 Analyst Upgrades & Winners: SNAP, SNDK, RDDT, Snapchat ($SNAP): Received a major upgrade to $10.00. Analysts are finally pricing in stronger ad demand, rising subscription revenue (Snap+), and successful cost-cutting measures. SanDisk ($SNDK): An analyst upgrade to a staggering $1,350 sent shares higher. The thesis? Insatiable demand for memory driven by the ongoing AI datacenter buildout. Reddit ($RDDT): Continued momentum as it cements its place in the “social data” tier of the AI trade.
⚠️ The Cool-Off: ARM & WING. Even in a green market, some names need to catch their breath. ARM and Wingstop ($WING) both faced a “sell the news” or profit-taking session today. The Strategy: After stellar runs, these names were technically due for a cool-off. We identify the key support levels where the next “buy the dip” opportunity might emerge.
🎯 Tickers Covered Today: The Benchmarks, The AI & Tech Winners, The Pullback Watch, SPY, IXIC, IWM, NVDA (New ATH), ARM (Cool-off), SMH (Semis), QCOM (OpenAI Deal), WING (Overextended), Gold & Silver, SNDK ($1,350 Target), Natural Gas, Bitcoin, SNAP & RDDT, US Oil.
Disclaimer: This show is for educational and entertainment purposes only. The information provided is not financial advice. Trading involves substantial risk. Always conduct your own research and consult with a professional financial advisor.
Each episode, Verified Pro Trader Drew Dosek will break down the charts and late‑day market action with the same institutional‑grade precision he’s known for. He’ll walk you through key levels, high‑probability setups, and the macro forces shaping the close across stocks, commodities, and crypto.
#Nvidia #MemoryStocks