Reported 8 months ago
Nvidia's stock is in focus as it dropped from a record high and announced a deal to provide AI technology to Middle Eastern telecommunications giant Ooredoo. The stock created a bearish engulfing pattern indicating a potential downside reversal, with key support levels at $119 and $110. The deal with Ooredoo will offer AI services to multiple countries, with U.S. officials tightening export controls on advanced chips to prevent China's access to AI tech through the Middle East.
Source: YAHOO