It’s a big week for Semiconductors.
Nvidia, the largest of all of them by far, reports their earnings this Wednesday 8/28.
We’re hosting a LIVE stream starting at 3:45PM ET Wednesday as we monitor the market’s reaction to what is probably the most important earnings report of the quarter.
In fact, we think this earnings release is so important, that we put together a FREE Nvidia Earnings Preview to get you prepared for Wednesday’s big event.
Again, to be clear, we’re not so much interested in the numbers themselves (i.e. Revenues, EPS, etc), but it’s actually how the market reacts to those earnings that we’re most focused on.
And we want you to be prepared.
You can download our NVDA Earnings Preview here.
But it’s not just NVDA that’s on the move.
And it’s not just American Semiconductors that are on our radar.
Take a look at this…
$ASML – the $360 Billion Semiconductor from the Netherlands:
This stock has been consolidating the past few months after making new all-time highs.
That former resistance from 2021 has turned into support, so that’s the key level for us moving forward.
You see a similar scenario playing out in Taiwan Semi.
Look at that former resistance turning into support as well:
These are the levels we’re most interested in for these international semiconductor stocks.
But keep in mind that the grandaddy of them all reports this Wednesday.
When you zoom out on this one, you can see how closely $NVDA has tracked these extension levels from their pre-Covid base:
The big day is this Wednesday.
You guys know that I’m usually the one dismissing this sort of thing, that’s getting to much fanfare, as just more noise.
But the market’s reaction to this event will move markets.
And that I cannot ignore.
That’s why we’ll be streaming LIVE on all the most important social platforms this Wednesday August 28th starting at 3:45PM ET.
We’ve got some special guests lined up who will swing by and share their reactions to the release.
Download our $NVDA earnings Preview to get your official invite for Wednesday’s LIVE stream.
This is going to be a lot of fun.
And the earnings release is definitely going to move markets.
We’ll be right here talking about it.
See you in there!
JC