20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Artificial intelligence heavyweight Nvidia Corp (NASDAQ:NVDA) and peer Advanced Micro Devices, Inc (NASDAQ:AMD) stocks are trading Tuesday following reports of the Netherlands decision to block exports of specific lithography systems to China.
The Dutch government's decision impacts the NXT:2050i and NXT:2100i systems, which are essential for advanced microprocessor production.
This move complements U.S. export restrictions and aligns with a September directive mandating Dutch semiconductor firms to seek official approval before exporting specific chip-making tools.
ASML, a specialist in photolithography crucial for chip manufacturing, has announced that the recent revocation of its export license and U.S. export restrictions will not likely affect its financial projections for 2023.
Last week, Nvidia introduced the GeForce RTX 4090 D, a new version of its high-end gaming chip tailored to meet U.S. export restrictions aimed at China.
Nvidia crafted the GeForce RTX 4090 D in close consultation with the U.S. government to fully comply with export controls.
It plans to unveil three new AI chips for the Chinese market faced delays, leading to the postponement of one chip's launch to the following year, with the other two yet to be listed on Nvidia's China website. Nvidia holds a commanding 90% share of China's $7 billion AI chip market.
Meanwhile, AMD is gearing up to launch the Radeon RX 7600 XT graphics card on January 22, targeting the lower end of the market.
This release comes as Nvidia looks to unveil more budget-friendly options, including an economical RTX 3050 and Super variants of the RTX 4070, 4070 Ti, and 4080.
Notably, the RTX 4070 Super will likely debut around the same time as AMD's new offering.
Nvidia stock has gained 239% in the last one year, while AMD has gained 128%.
Price Actions: NVDA shares traded lower by 1.05 % at $490.05 premarket on the last check Tuesday. AMD shares traded lower by 2.45% at $143.80.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Company
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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