Nullatech AI has analyzed Nvidia and Amazon data in last 300 weeks. In this post, we will talk about our prediction and the status of market trend for next week.
Nvidia stock pops
Nvidia Corp. shares surged Tuesday for a second straight day as analysts rallied around the chip maker, contending that its strengths more than makeup for a potential downturn in cryptocurrency-related revenue and self-driving fears. Nvidia shares rallied 5.8% to close at $227.91, after touching an intraday high of $229. Nvidia, however, is still in a correction as the stock is down 10.5% from the all-time high of $254.50 set on March 13. In comparison, the PHLX Semiconductor Index is 10.3% off its mid-March high, and the S&P 500 index is 7.5% off its late January high.
As you see in the chart above, Nullatech predicted 75% of Nvidia market trends correctly in last 300 weeks.
The rate of stock changes will be ascending in the next week.
Amazon and Ring Close Acquisition
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. Amazon and Ring today announced that Amazon’s acquisition of Ring is complete. The two companies will work together to accelerate Ring’s mission to reduce crime in neighborhoods with affordable, effective home security products and services, so more customers can see, hear, and speak to people on their property from anywhere.