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NVDA, SMCI and AMD Forecast – Microchips Look to Bounce in Premarket
Published: Mar 12, 2025, 12:37 GMT+00:00
The main chips producers are all looking to rally a bit in the early hours of Wednesday, as premarket trading looks to be full of value hunters out there.
NVDA Technical Analysis
Nvidia looks as if it is going to rally a bit in the early hours of Wednesday as pre-market trading has been a little bit positive. We have recently broken through a significant trend line, but there is still plenty of potential psychological support right around the $100 level. So, I suspect we are getting fairly close to the end of the significant selling. That doesn’t necessarily mean that we are going to take off in the straight line back to the highs, but I do think we are getting pretty close to the end of the selling pressure.
SMCI Technical Analysis
Super Micro Computer looks like it’s going to open a little higher in the early hours of Wednesday as well. And the 200 day EMA above, near the $45.46 level, should end up being a potential target as it is obviously a major indicator that people pay close attention to. Anything above there opens up the possibility of a move to the $60 short term. Pullbacks more likely than not will end up seeing support underneath, extending all the way down to the $30 level.
AMD Technical Analysis
Advanced Micro Devices looks like it is going to bounce a little bit in early Wednesday trading. But what I’m paying the most attention to is the fact that the area right around the $95 level has been crucial multiple times over the last several years. We have flushed all the way down to this level. So, it is potentially possible that the market gets a bounce here and maybe one that has a little bit of legs. We’ll just have to wait and see. After all, the recent earnings call was a little bit better than anticipated. So, it’s not as if AMD itself is the issue. I think this is a general risk appetite problem that we have around the markets right now.
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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