tech
March 10, 2026
Chip stocks including Nvidia are holding up despite market volatility, according to the charts
Todd Gordon takes a look at the technicals in Nvidia and other chipmakers.
TL;DR
- Crude oil prices have fallen as geopolitical risk premiums diminish, indicating easing Middle East tensions.
- Market price action suggests a range-bound market, contrary to fears of an imminent crash.
- The Invesco QQQ Trust has remained stable, holding key support levels and showing increasing accumulation volume.
- Semiconductor stocks, despite AI bubble concerns, are near all-time highs and showing strong relative strength.
- Market volatility is seen as a rotation out of defensive stocks, with growth areas in tech showing potential for a sustained move higher.
- Upcoming earnings and events for companies like Oracle and Nvidia are expected to further clarify the AI infrastructure buildout and its market impact.
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