WS #17037
NVIDIA (NVDA) is staging a technical recovery, reclaiming key moving averages and pushing toward $189 following a brutal 9% selloff. This rebound is part of a broader market rotation where capital is unwinding long positions in defensive sectors (staples, utilities) to fund short AI beta positions, signaling a return of risk appetite. Analysts are positioning for further upside in the sector, with buy targets set for NVDA and related infrastructure plays like Micron.
Tech Rebound and AI Rotation
NVIDIA (NVDA) is staging a technical recovery, reclaiming key moving averages and pushing toward $189 following a brutal 9% selloff. This rebound is part of a broader market rotation where capital is unwinding long positions in defensive sectors (staples, utilities) to fund short AI beta positions, signaling a return of risk appetite. Analysts are positioning for further upside in the sector, with buy targets set for NVDA and related infrastructure plays like Micron.