Nasdaq 100: Tech Shares Maintain Beneficial properties as Nvidia, AMD Navigate Trump’s China Chip Deal…

Avenue View: Deal with the Numbers, Not the Threat

Wells Fargo wasted no time mountaineering Nvidia’s goal to $220, calling the China market too huge to disregard — $23 billion potential for NVDA, $5 billion for AMD, even at 85% retention. That’s a tough math drawback to stroll away from. However once more, I feel the bigger-picture merchants will hold asking: if 15% works, what’s to cease it from being 20%, 25%, or a “one-time adjustment” that turns into everlasting? This feels open-ended, and markets hate undefined threat.

Aggressive Stress: Worth Ceilings and Native Champions

When you’re in Beijing proper now, you’re smiling — this makes U.S. chips dearer, which is strictly what Huawei and others have to hold consuming into market share. The 15% levy in all probability will get handed alongside to Chinese language consumers, making NVDA and AMD really feel like luxurious imports. Extra possible than not, that accelerates the cut up between U.S. and Chinese language AI ecosystems. And as soon as clients swap suppliers, they don’t at all times come again — even when pricing adjustments later.

Buying and selling Outlook: Dip-Patrons Nonetheless Lurking

From a pure buying and selling standpoint, Nvidia’s obtained short-term assist within the 177.00–178.00 zone, with resistance on the 183.88 all-time excessive from early August.

AMD’s a ground close to 157.80 and a ceiling up at 182.50. I feel dip-buyers are nonetheless on the market — particularly funds that missed the summer time run — however we’ll see how that performs out if the constitutional problem chatter features traction.