NVIDIA (NVDA) remains a high-conviction buy with a price target of $230–$250, provided it breaks key resistance at $212 and maintains its relatively low valuation. AMD is currently in a parabolic move; investors should watch for support at $335 to target a momentum-driven run toward $370 or higher. For those looking at software, Palantir (PLTR) offers a strategic entry point in the $133–$141 range ahead of earnings, targeting a breakout above $154. ServiceNow (NOW) is positioned for a trend reversal if it can clear $109, while Intel (INTC) should be approached with caution due to its high valuation despite recent gains. Monitor big tech earnings next week, as increased AI CapEx spending will serve as a primary catalyst for continued growth in the semiconductor sector.

NVIDIA (NVDA)

• The stock is approaching all-time highs, closing at $208.26 (up significantly on the day). • Sentiment remains bullish despite concerns of being "overbought." Analysts noted it is trading at a price-to-earnings (P/E) ratio of approximately 25, which is considered relatively inexpensive given its growth trajectory. • Context: The rally was partially fueled by strong earnings from Intel, which signaled robust demand for data center infrastructure and compute power. • Risk Factor: Potential "rug pull" or volatility surrounding big tech earnings next week.

Takeaways

• Price Targets: Technical analysis suggests a key resistance level at $212. If it breaks above this, the next targets are $220 and $230. • Investment Strategy: Consider holding through earnings if you believe in the continued AI CapEx (capital expenditure) cycle. Some analysts suggest trimming positions only if it hits the $230–$250 range.

AMD (AMD)

• Closed at an all-time high of $347.80, up over 13% on the day. • The stock is in a "Phase E" (parabolic) move according to Wyckoff theory. • Context: AMD is benefiting from the "CPU resurgence" narrative, as investors realize AI servers require high-performance CPUs alongside GPUs.

Takeaways

• Actionable Levels: Support is identified at the $336 gap fill. As long as it stays above $335, the trend remains bullish. • Upside Potential: If momentum continues, the stock could test the $370 Fibonacci extension, with long-term targets as high as $400–$420.

Intel (INTC)

• Surged 22% to close at $81.76. • Context: Intel’s growth numbers surprised the market, reigniting interest in the CPU sector. This performance acted as a catalyst for the broader semiconductor rally (SMH and SOXX ETFs).

Takeaways

• Sentiment: While the move was massive, some analysts view this as "momentum/meme" behavior and caution against buying at 100x earnings unless the turnaround is fully validated.

Palantir (PLTR)

• Experienced volatile price action, moving from $137 to $142 within the day. • Context: It is currently forming an "inverse head and shoulders" pattern, which is typically a bullish technical signal.

Takeaways

• Buy Zone: The $133–$141 range is viewed as a "buyable retrace" ahead of earnings. • Risk/Reward: If it loses the $120 support level, the bullish thesis weakens. However, a break above $154 could lead to new highs.

Software Sector: ServiceNow (NOW) & Oracle (ORCL)

• ServiceNow (NOW): Recovered from being red to closing up 6% (approx. $90). Analysts called the recent software sell-off "bullshit," citing high customer retention (stickiness) in enterprise software like SAP. • Oracle (ORCL): Down 1.58% to $173, but recovering from daily lows.

Takeaways

• ServiceNow: Needs to hold $85 to maintain its recovery. A break above $109 would signal a full trend reversal. • Oracle: Watch for a "gap fill" bounce. It is currently consolidating as capital rotates into semiconductors.

Emerging AI/Cloud: Nebius (NBIS) & IREN (IREN)

• Nebius: Down 7% to $145. • IREN: Down 3%. • Context: There is a "weird" divergence where the providers of data center infrastructure (Neo-clouds) are red while the chipmakers (NVIDIA/AMD) are green. This may be due to sector rotation or temporary profit-taking.

Takeaways

• Nebius: Support is at $138–$140. If it bounces here, it remains a strong AI infrastructure play.

Tesla (TSLA)

• Closed slightly green at $376. • Context: Tesla has been "lagging" the broader tech rally. It is currently range-bound between $370 and $403.

Takeaways

• Key Levels: Needs to break above $413 to start a new parabolic run. If it falls below $358, it may return to a downtrend. • Contrarian View: Some analysts believe Tesla might rally when other "Magnificent 7" stocks pull back, acting as a rotation hedge.

Investment Themes & Sector Insights

The "CPU Matters" Narrative

• Investors are shifting focus back to CPUs (Intel, AMD) as essential components of the AI server stack, moving away from a GPU-only focus.

Big Tech Earnings Risk

• The "Rug Pull" Theory: 60% of surveyed listeners expect a market correction (rug pull) following big tech earnings next week. • The Counter-Argument: If Meta, Google, Microsoft, and Amazon announce increased CapEx (spending on AI chips), it will be a major "green light" for semiconductor stocks, even if the big tech stocks themselves trade sideways.

Geopolitical Influence

• Market sentiment was boosted by headlines that Iran wants to negotiate a deal with the U.S. • Risk: Any escalation over the weekend (e.g., seized ships or failed talks) could cause Oil to spike, potentially hurting the Monday open.

Space Sector Weakness

• Rocket Lab (RKLB), ASTS, and Intuitive Machines were notably red. This suggests a "risk-off" move in high-beta speculative growth stocks despite the S&P 500 hitting all-time highs.