Nvidia stock breaks hot streak, enters overbought territory

11/16/2023 23:44
Nvidia stock breaks hot streak, enters overbought territory

Nvidia (NVDA) shares have begun to enter overbought territory for the first time since July of this year. Nvidia is part of an array of technology stocks rebounding amid cooling inflation and hopes that Federal Reserve interest rates have peaked. On Monday, the company announced several updates on its artificial intelligence processors, giving a boost in trading. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the semiconductor giant's previous win streak. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Nvidia (NVDA) shares have begun to enter overbought territory for the first time since July of this year. Nvidia is part of an array of technology stocks rebounding amid cooling inflation and hopes that Federal Reserve interest rates have peaked. On Monday, the company announced several updates on its artificial intelligence processors, giving a boost in trading.

Yahoo Finance Reporter Jared Blikre joins the Live show to break down the semiconductor giant's previous win streak.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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