Nvidia slides, shares mixed on AI chip delays

The Dow Jones Industrial Average rose on Friday, putting stocks on track for a fourth straight week of gains. Tesla stock rebounded from Wednesday’s losses Tesla shares rebounded from Wednesday’s losses. Nvidia (NVDAThe company’s shares fell after reports that the chipmaker would delay the launch of new artificial intelligence chips in China.


The economic calendar is light on Friday, with stocks set to close early at 1 p.m. ET.

S&P Global released the Composite Purchasing Managers Index (PMI) after the market opened on Friday. The manufacturing index fell to 49.4 in November, and the services index rose to 50.6.

Nvidia shares fell more than 1% early Friday Reuters reports The company told Chinese customers it would delay the launch of new artificial intelligence chips designed to comply with U.S. export rules until the first quarter of next year.

Dow Jones Today: Oil Prices, Treasury Bond Yields

After trading opened on Friday, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 index was slightly lower. The tech-heavy Nasdaq fell 0.3% in early trading.

between us exchange traded fundsNasdaq 100 index tracker Invesco QQQ Trust (QQ) fell 0.3%, while the SPDR S&P 500 ETF (spy) fell less than 0.1% in early trading Friday.

On Friday morning, the U.S. 10-year Treasury yield rose to 4.47%. On Wednesday, the benchmark rate closed at 4.41%.

Oil prices continue to retreat and are near recent lows. West Texas Intermediate crude oil futures were down more than 1% on Friday morning, trading near $76 a barrel. WTI hit a low near $73 a barrel in mid-November. In September, it traded above $93 a barrel.

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Stock market rebounds

On Wednesday, the Dow Jones Industrial Average rose 0.6%, the S&P 500 rose 0.4%, and the tech-heavy Nasdaq rose 0.5%.

Wednesday’s Big Picture Column commented: “The (S&P) 500 index currently stands at 4,556 points, up only 1.1% from the year-to-date high of 4,607 points. The index is 5.5% below its all-time high set in the first week of 2022, with a total of 4,818 bars.”

Now is an important time to read IBD’s Big Picture Column As the stock market continues to rise, be sure to read How to Invest While the Stock Market Continues to Rise.

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Stock market today: The most noteworthy stocks

IBD rankings in stock Amazon (Amazon), along with free market (Melly),Nvidia, IBD Swing Trader in stock Shopping (shop) and toll brothers (Thor) — and the Dow Jones stock Microsoft (Microsoft Corporation), sales force (customer relationship management) and UnitedHealth (united nations institutes of health)—is one of the most noteworthy stocks in the current market rebound.

Salesforce and Shopify are introduced here Stock bar near buy zoneAmazon and MercadoLibre are members of IBD rankings.

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Dow Jones Stocks to Watch

Software leader Salesforce approaches 228.79 buy some According to, in the double bottom base IBD Market Smith graph analysis. CRM stock is about 3% away from its latest buy point. Earlier on Friday, the stock fell 0.6%.

Healthcare giant UnitedHealth is approaching a buy point of 546.78. UNH shares rose 0.3% on Friday.

4 Growth Stocks to Watch Stock market rebounds

Stocks to Buy and Watch: Amazon Retakes Buy Point

Amazon regained a 145.86 buy point during Wednesday’s 1.95% rally. Shares are still well above the early entry point of 134.48. It was down 0.9% on Friday morning.

IBD Ranking Stocks MercadoLibre moved further out of buy territory, surpassing the 1,398.59 buy point, according to MercadoLibre data IBD MarketSmith Pattern RecognitionShares rose 0.6% on Friday after rising 2% on Wednesday.

IBD SwingTrader Stock Shopify is breaking out of a double bottom at a 67.60 buy point. The top of the buy zone is 70.98, so the stock price is almost extended. SHOP shares fell 0.6% in early trading Friday.

Following last week’s breakout, homebuilder Toll Brothers remains in buy territory, above the Handle Cup’s 82.39 buy point. The buy zone rises to 86.51. TOL shares were up 0.4% on Friday morning.

The best stocks on today’s stock market trend

Here are four of the most interesting stocks to watch in the stock market today, including the leader of the Dow Jones.

Company Name symbol The right buying point Point of purchase type
Amazon (Amazon) 145.86 cup holder
UnitedHealth (united nations institutes of health) 546.78 Process entries
toll brothers (Thor) 82.39 cup with handle
free market (Melly) 1,398.59 cup with handle
Source: IBD data as of November 24, 2023

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Seven major stocks: Nvidia, Tesla

Among the so-called “big seven” stocks, Tesla (Tesla) rebounded 0.3% in early trading on Friday, while Nvidia fell 1.4%.

Graphics chip giant Nvidia is trying to stem its recent slide from a double bottom near 476.09. Shares plunged 2.5% on Wednesday after the company reported earnings.

Tesla Stock After falling nearly 3% on Wednesday, the stock continues to face strong resistance near its 50-day moving average after regaining its 200-day moving average last week. The double bottom buying point is 278.98.

Dow Jones Index leaders: Apple, Microsoft

two Dow Jones Stocks In the Seven Heroes, apple (AAPL) and Microsoft, mixed deal After the stock market opens today.

Apple soared 0.35% on Wednesday, still near its highest level since early August. Shares are trading above an early entry of 182.34 as they continue to track consolidation with a 198.23 buy point. Apple shares fell 1% on Friday.

Microsoft stock rose 1.3% on Wednesday, hitting a record high of 379.79 points. The stock is in buy range just above the cup bottom of 366.78. In recent weeks, the stock has risen to an early buy trigger of 346.20. MSFT stock fell 0.5% on Friday morning.

Be sure to follow Scott Lehtonen on X (formerly Twitter): @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.

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