Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Top AI Add On Plays After Nvidia’s Strong Earnings Report

by May 25, 2023
May 25, 2023
Top AI Add On Plays After Nvidia’s Strong Earnings Report

Shares of Nvidia (NVDA) soared today after the company reported earnings that were well above estimates. Most impressive however, was the company’s estimates for next quarter’s revenues which was more than 50% above Wall Street estimates. NVDA cited surging demand for its chips that help with artificial intelligence applications and the stock is poised to trade higher. Subscribers to my MEM Edge Report will be familiar with NVDA as we added the stock to our Suggested Holdings List last January where we’ve since provided buy signal alerts.

In addition to Nvidia, those wanting to participate in the AI driven growth trend can look to companies that provide products to the company which is a leader in AI.  Taiwan Semiconductor (TSM) is one such company.  As the most advanced chipmaker in the world, they  manufacture the chips used by NVDA and TSM gets a cut of whatever Nvidia makes.

DAILY CHART OF TAIWAN SEMICONDUCTOR (TSM)

Taiwan Semiconductor (TSM) Gapped up 12% on very heavy volume today. The high volume indicates that the stock is being accumulated and it often points to further upside.

Netherlands based Semiconductor Equipment manufacturer ASML (ASML) is the only company in the world that can make its extreme ultraviolet (EUV) lithography machine. This tool is required by companies such as TSM and other chipmakers in the AI space. ASML broke out of a 4-month base on heavy volume today. Base breakouts often precede lengthier uptrends and the longer the base, the longer the advance out of that base.

DAILY CHART OF ASML HOLDING (ASML)

With each of these companies being in the Semiconductor industry, you’ll want to keep an eye on a Semiconductor ETF such as SOXX. In the chart below, you’ll see positive momentum in the group with a positive RSI and MACD as well. Semi stocks are highly cyclical and can pull back amid any hints of an economic slowdown. A break below the 50-day moving average coupled with a negative RSI or MACD would indicate a reversal of the current uptrend.

DAILY CHART OF iSHARES SEMICONDUCTOR ETF

Warmly,

Mary Ellen McGonagle, MEM Investment Research

*This article was published earlier today at SimplerTrading.com

0
FacebookTwitterGoogle +Pinterest
previous post
GNG TV: “Building” Go Trends in US Equities
next post
Use ADX to Define WHAT to Do

You may also like

Sector Spotlight: This Sector is On Fire

February 21, 2023

When to Buy in May

May 2, 2023

Market Research and Analysis – Part 5: Drawdown...

April 11, 2024

MEM TV: Negative Momentum Amid Rising Rates

February 25, 2023

Buy Breakout or Fade Divergence on Growth Stocks?

March 29, 2024

Week Ahead: NIFTY’s Behavior Against This Level Crucial...

June 7, 2025

When Cash is King

August 5, 2022

Looking Outside the Stock Market for Opportunities

October 26, 2023

This Sentiment Signal Is Solid And Says We...

January 6, 2023

The 23-Month Moving Average “Tell” for 1st Quarter

March 30, 2023

Sector Spotlight: This Sector is On Fire

February 21, 2023

When to Buy in May

May 2, 2023

Market Research and Analysis – Part 5: Drawdown...

April 11, 2024

MEM TV: Negative Momentum Amid Rising Rates

February 25, 2023

Buy Breakout or Fade Divergence on Growth Stocks?

March 29, 2024

Week Ahead: NIFTY’s Behavior Against This Level Crucial...

June 7, 2025

When Cash is King

August 5, 2022

Looking Outside the Stock Market for Opportunities

October 26, 2023

This Sentiment Signal Is Solid And Says We...

January 6, 2023

The 23-Month Moving Average “Tell” for 1st Quarter

March 30, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • More NYC Corruption

      July 3, 2025
    • Iran nuclear program set back 2 years after US strikes: Pentagon

      July 3, 2025
    • Airlines secretly sold US travelers’ data to Homeland Security

      July 3, 2025
    • White House reveals highest-paid staffers – and 8 taking no salaries

      July 3, 2025
    • Jeffries stalls Trump’s ‘big, beautiful bill’ for hours after House GOP mutiny breakthrough

      July 3, 2025
    • 53 Percent Don’t Know Why We Declared Independence from Britain in 1776

      July 3, 2025

    Categories

    • Business (8,379)
    • Investing (2,097)
    • Politics (15,928)
    • Stocks (3,187)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved