Nvidia Levels to Watch as Stock Withstands Today's Rout

Nvidia (NVDA) shares held🌳 up better than other Magnificent 7 stocks on Thursdayܫ after surging 6% the previous session, as investors have sought dip-buying opportunities in the chipmaker. 

The stock closed 0.1% lower at $115.58, while its Mag 7 counterparts all fell sharply amid the broader sell-off. Nv𝔉idia shares are down 14% since the start of the year, with the lion’s shares of that loss occurring over the last month. 

Since setting a record high in early January, Nvidia shares have traded within a 澳洲幸运5官方开奖结果体彩网:descending channel, with volume picking up in the second half of February.

More recently, the stock found buying interest near the channel’s lower trendline, coinciding with an uptick in the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) as the indicator moves back towards neutral territo💝ry.

Looking ahead, as the 澳洲幸运5官方开奖结果体彩网:50-day moving average (MA) converges towards the 200-Day MA, investors should watch for a potential 澳洲幸运5官方开奖结果体彩网:death cross, a signal that forecasts further downside.

Investors should watch key support levels on Nvidia's chart around $105 and $96, while also monitoring important resistance levels near $130 and $153.

Read the 澳洲幸运5官方开奖结果体彩网:full technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

These Were the Big Movers in the S&P 500 on Thursday

Decliners

• Adobe (ADBE) shares suffered the heaviest loss of any stock in the S&P 500, plunging 13.8% after the maker of web design, photo, and video software provided an 澳洲幸运5官方开奖结果体彩网:lackluster outlook.
• Super Micro Computer (SMCI) shares fell 8% to reverse gains posted in the previous session after a 澳洲幸运5官方开奖结果体彩💖网𒈔:volatile run for the server maker's stock.

• Shares of Ticketmaster parent Live Nation (LYV) fell 5.8%. The company remains the subject of an 澳洲幸运5官方开奖结果体彩网:antitrust lawsuit filed last year by the U.S. Department of Justice, and federal officials accused the company earlier this week of failing to preserve text and chat messages relevant to the case.

Advancers

• Intel (INTC) surged 14.6%, logging the S&P 500's top daily performance, after the chipmaker announced former board member 澳洲幸运5官方开奖结果体彩网:Lip-Bu Tan will become its new CEO. The move followed reports that TSMC (TSM) 澳洲幸运5官方开奖结果体彩网:approached other chip firms about forming a joint venture to run Intel's foundry business.
• Dollar General (DG) reported 澳洲幸运5官方开奖结果体彩网:better-than-expected sales for the fourth quarter, helping drive gains for shares of discount retailers. However, the company said a review of its store portfolio weighed on profitability and expressed caution about consumers' spending capacity. Dollar General shares gained 6.1%, while shares of rival Dollar Tree (DLTR) were up 6.8%.
• The spot price of gold popped to an all-time high, bolstered by concerns about tariffs and anticipation of potential interest-rate cuts by the Federal Reserve. Investors often turn to the metal as a 澳洲幸运5官方开奖结果体彩网:safe haven in times of market uncertainty. The soaring price provided a boost for mining stocks including Newmont (NEM), the world's largest gold producer, with shares climbing 4.6% Thursday.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

S&P on Pace for Worst Week in Two Years

The S&P 500 head𒆙s into the final trading session of the week on course to post its worst weekly loss since March 2023.

The benchmark index, which 澳洲幸运5官方开奖结果体彩网:dropped into correction on Thursday, is down 4.3% so far this week. It is tracking to finish with weekᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚly losses for the fourth🍌 straight week.

The Nasdaq Composite is also on pace for its fourthꦦ-consecutive weekly decline, and its fall has been even more precipitous. The tech-heavy index is down 4.9% for the week, its biggest weekly drop since September.

The Dow has lost 4.6% so far thi✅s week. If that holds, 𒅌it would be the worst weekly performance since June 2022.

So far in 2025, the Nasdaq has declined 10.4% as the AI-related optimism that boosted technology stocks♚ h𒊎as subsided, while the S&P 500 and the Dow are down 6.1% and 4.1%, respectively.

This Correction Has Been a Long Time Coming

Some market watchers have been warning of a co🍃rrection for a while. It had been 343 trading days since the S&P 500’s last 10% pullback, nearly twice the average ti✨me between corrections (173 days) since 1929.

 Since 1928, the stock market has corrected 1.1 times a year on average, according to research from Ned Davis Research and LPL Financial. Severe corrections of 15% or more have occurred once ever🎐y two years, and bear markets have hit once every three years, approximately.

The market’s last correction was a slow burn. The S&P 500 slid 10.3% between July 31 and October 27, 2023, as the Federal Reserve signaled it would need to keep interest rates higher for longer to return inꦜflation to its 2% target. That correction was a long time coming, but it꧟ was short-lived. Stocks rebounded out of the correction on the next trading day, October 30, and have been trending higher ever since. 

Stock market corrections tend to end more quickly than they come on. Since World War II, the average S&P 500 correction has taken five months to bottom and about four months to recover, according to Covenant Wealth Advisors. The ave❀rage dꦓrawdown has been about 14%. 

The current downturn has been swift in comparison. The S&P 500 closed at a record just three weeks ago, on 澳洲幸运5官方开奖结果体彩网:February 19, as prom💎ising earnings reports offset creeping tariff uncertainty. Stocks have fallen precipitously since then as Trump has threatened, imposed, and delayed a slew of tariffs that some economists say could raise consumer prices and slow economic growth.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Why Wall Street is Excited About Intel's New CEO

Analysts applauded the appointment of Lip-Bu Tan as Intel's (INTC) new CEO. 

Tan comes to Intel with a “solid track record of success” as the former CEO of Cadence Design Systems (CDNS), a semiconductor software company that has partnered with Intel, Bank of America analysts s💛aid, adding "we believe INTC has a greater opportunity to restructure/turn things around under his leadership.”

The analysts upgraded their rating for Intel's stock to “neutral” from "underperform" after the announcement, and raised their price target to $25 from $19.

Deutsche Bank analysts echoed their sentiments, calling Tan's appointment a "desirable outcome" for Intel, and highlighted his "extensive expertise in the semiconductor ecosystem." The bank maintained a $23 price target and "hold" rating.

The change in leadership follows months of speculation Intel could 澳洲幸运5官方开奖结果体彩网:sell parts of its business or 澳洲幸运5官方开奖结果体彩网:form new partnerships, with Tan's appoi♏ntment potentially raising the chances of a strategic shift.

On Wednesday, Reuters reported Taiwan Semiconductor Manufacturing Company (TSM) 澳洲幸运5官方开奖结果体彩网:approached several other chip firms including Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) about forming a joint venture to run Intel’s foundry division. S🍌uch an arrangemen💧t “could aid INTC's potential turnaround efforts under the incoming new CEO,” BofA analysts said.

The stock was up 15% to around $24 in late trading, leading gains on the S&P 500. Still, Intel shares have lost nearly half their value over the pas🐎t 12 months. 

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Analysts Remain Bullish on Adobe's AI Growth Potential

Adobe (ADBE) shares tumbled after the company’s outlook came in 澳洲幸运5官方开奖结果体彩网:lower than expected, but analysts said they they're still bullish on th🔯e stock, pointing to its potential for AI-driven growth. 

Jefferies analysts said they were surprised by the stock's sharp decline after the results, which they felt were "positive enough to offset the negatives," and added that "AI adoption is trending well," with Adobe poised for AI-driven revenue gains. The analysts maintained a “buy” rating and $650 price target for the stock, suggesting over 70% upside from Thursday's intraday level.

Bank of America analysts trimmed their price target to $528 from $605, but kept a “buy” rating, saying🍷 they expect Adobe is “on a path” to better AI monetization.The analysts highlighted that monthly active users of Photoshop and Lightroom generative AI bot🐎h increased in the period. 

Adobe reported annualized recurring revenue from AI of $125 million at the end of the quarter, with CEO Shant🤪anu Narayen saying he expects that to double by the end of fiscal 2025, according to a transcript of the company’s earnings call provided by AlphaSense.

More AI updates are expected at the company’s Adobe Summit event next week, which one analyst previously said could be 澳洲幸运5官方开奖结果体彩网:more informative than the quarterly results.  

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

SentinelOne Falls After Outlook Misses Expectations

SentinelOne (S) shares dropped after the company issued a revenue outlook that fell ♔short of analysts’ ♏expectations, even as adjusted earnings beat estimates. 

The cybersecurity company’s revenue rose 29% year-over-year to $225.5 million, slightly above the analyst consensus from Visible Alpha. Adjusted earnings of $12.17 million, or 4 cents per share, swung from a loss of $6.62 million, or 2 cents per share, a year earlier and topped estimates. 

However, SentinelOne’s revenue projections of $🤡228 million in the fiscal first quar❀ter and $1.007 billion to $1.012 billion in the full year both came in below what analysts had expected. 

The soft outlook comes a week after fellow cybersecurity firm CrowdStrike (CRWD) issued a 澳洲幸运5官方开奖结果体彩网:similarly disappointing forecast.

Shares of SentinelOne were down 4% in recent tradingꦰ. The stock has fall🦩en more than 17% so far in 2025.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Sunnova Plummets on Report of Possible Bankruptcy

Sunnova Energy International (NOVA) tꦍra💙ded at an all-time low on word the manufacturer of rooftop solar panels is working to restructure its debt, and that could include declaring bankruptcy.

The Wall Street Journal reported that ꦓthe company is preparing to meet with creditors to consider options to ease its $8.5 billion in debt. The paper added that could happen in or out of bankruptcy protection.

Citing people familiar with the matter, the Journal said Sunnova is working with the law firm of Baker Botts and investment bank JPMorgan to put together financial informatiไon needed to begin talks with lenders and bondholders about reducing its debt and addressing near-term bond maturities. 

It explained that Sunnova's most immediate concern was dealing with almost $1 billion worth of bonds and convertible notes due in 2026.

When reached by Investopedia about the report, aꦜ spokesperson for Sunnova had no comment.

The news came just three days after the company named Paul Mathews to be its new CEO, taking over immediately for founder and longtime CEO William "John" Berger, who stepped down amid Sunnova's financial woes.

Shares of Sunnova Energy International were down 16% in recent trading at $0.31.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

UiPath Stocks Sinks as Outlook Hit by Federal Spending Cuts

Shares of UiPath (PATH) plunged to an all-time low Thursday after the maker of automated software gave weak🐼er-than-expected guidance as it warned Trump administration spending cuts and changing economic conditions will hurt results.

The company sees current-quarter revenue of $330 million to $335 million, and fiscal 2026 revenue of $1.525 billion to $1.530 billion. Analysts surveyed by Visible Alpha were looking for ꦆ$3♍69.6 million and $1.59 billion, respectively.

Chief Operating and Financial Officer Ashim Gupta explained that UiPath was monitoring "many moving parts in the macroeconomic landscape, including the U.S. public sector and global economic conditions." Gupta added that "while we remain optimistic about the long-term opportunity in the U.S. public sector, the ongoing transition has created short-term uncertainty for deal closures," and that factored into the outlook.

For the fourth quarter, UiPath reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.2ꦓ6 that exceeded Visible Alpha forecasts. Revenue that rose 4.5% year-over-year to $423.6 million came up just short of expectations.

Separately, UiPath announced it had purchased U.K.-based Peak, which offers an AI-based platform to help optimize product inventory and pricing for businesses. Terms of the deal were not disclosed🥂.

UiPath shares were down 15% at $10.05 in recent trading after earlier touching an all-time low $9.50.𝓀 They have lost nearly 60% of 🌜their value over the past year. 

-澳洲幸运5官方开奖结果体彩网:Bill McColl

American Eagle Warns Consumers are Cutting Spending

American Eagle Outfitters (AEO) shares fell Thursday, a day after the maker of fashion clothes for teens and young adults warned that consumers are pulling back on their spending because of cꦗoncerns about the future.

The company behind American Eagle and Aerie brands predicted full-year revenue will fall by a low-single-digit percent, while analysts surveyed by Visible Alpha were looking for a 3% increase. AEO explained that the guidance "reflects near-term headwinds in the consumer and macroeconomic operating environment."

CEO Jay Schottenstein noted that the fiscal first quarter "is off to a slower start than expected, reflecting less robust demand and colder weather." Schottenstein added that while the company anticipates improvement as the spring season gets under way, "we are also taking proactive steps to strengthen the top-line, manage inventory and reduce expenses."

Schottenstein said on the earnings call with analysts that consumers "have the fear of the unknown," according to a transcript provided by AlphaSense. He argued that it's not just tariffs and inflation, but you "see the government cutting people off. They don't know how that's going to affect them. They see programs being cut. They don't know how that's going to affect them. ... And when people don't know what they don't know, they get very conservative."

In the fourth quarter, AEO reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.54, ahead of Visible Alpha forecasts, and 💟revenue of 𒅌$1.60 billion, in line with estimates.

Shares of Ame🔯rican Eagle Outfiไtters slipped 2.5% to their lowest level since the spring of 2023.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Adobe Stock Plunges on Disappointing Outlook

Adobe (ADBE) shares fell sharply Thursday morning after the company reported ൲record quarterly revenue above analysts’ expectation but delivered an outlook that disappointed Wall Street.

The Creative Cloud developer’s revenue climbed 10% year-over-year to a record $5.71 bil📖lion, above the analyst consensus from Visible Alpha. Adjusted earnings of $2.22 billion, or $5.08 per share, rose from $2.05 billion, or $4.48 p⭕er share, a year earlier and topped estimates. 

Adobe’s Digital Media arm, which includes Creative Cloud subscriptions, saw revenue of $4.23 billion, up 11% year-over-year and exceeding analysts' projections.

CEO Shantanu Narayen said Adobe is "well-positioned to capitalize on the acceleration of the creative economy driven by AI." The results come ahead of the company's Adobe Summit event next week, with analysts saying they'll be 澳洲幸运5官方开奖结果体彩网:watching for updates on 澳洲幸运5官方开奖结果体彩网:generative AI metrics.

Looking ahead, Adobe maintained its full-year revenue outlook of $23.3 billion to $23.55 billion, and adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share of $20.20 to $20.50, both below 🌼analy꧃st consensus projections at the midpoint.

Adobe shares were down 11% in recent trading, leading S&P 500 dಌecliners. The stock has los♚t nearly a third of its value over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Intel Levels to Watch as Stock Soars After New CEO Named

Intel (INTC) shares soared in premarket trading Thursday after the company name🗹d former board member and chip industry veteran Lip-Bu Tan as its new CEO.

Tan, who is the former CEO of chip software company Cadence Design Systems (CDNS), will succeed interim Co-CEOs David Zinsner and Michelle Johnston Holthaus⛎, who have shared the position since Pat Gelsinger ret൩ired in December. Tan will assume the roll next Tuesday.

Intel shares have lost more than half their value over the past 12 months, weighed down by the company’s inability to capture a greater share of the lucrative AI chip market and months of restructuring and 澳洲幸运5官方开奖结果体彩网:deal rumors.

The stock was up 11% at around $2🅰3 in recent pre-mꦕarket trading.

Since gapping sharply lower in early August last year, Intel shares have remained mostly 澳洲幸运5官方开奖结果体彩网:rangebound, potentially carving out a market bottom. More recently, the stock staged a short-lived rally to the closely followed 澳洲幸运5官方开奖结果体彩网:200-day moving average before retracing towards its trading flo♏or of the past seven months.

Investors should watch crucial overhead areas on Intel's chart around $22, $26, and $30, while also monitoring a major support level near $19.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Stock Index Futures Lose Ground

Futures tieꦯd to the D🤡ow Jones Industrial Average were down 0.3%.

S&P 500 futures were off 0.4%.

Nasdaq 100 futures fell 0.5%.