Posted 12/8/2023, 10:33:00 PM
Stocks Rally on Rate Cut Hopes; AI Chip Wars Heat Up as AMD Challenges Nvidia
- Dow futures set to open Sunday as investors eye Fed meeting and shift toward rate cuts; S&P 500 hits 2023 high while Nasdaq nears its peak
- AMD surges on new AI chips challenging Nvidia; several chip stocks flash buy signals or set up entries like Nvidia, Arm Holdings, Broadcom, Taiwan Semiconductor
- Tesla continues advancing toward aggressive entry points around 250-278 zone; stock has found support at 50-day line
- FDA approves first-ever gene editing treatment from Crispr, Vertex; but CRSP stock sells off sharply on news in "sell the event"
- Leading stocks break out or pull back to key levels across chips, software, financials, travel, infrastructure plays