Are EV stocks about to replace semiconductors?
TSLATesla(TSLA) Finbold·2024-09-05 22:12

As Nvidia (NASDAQ: NVDA) stock started to consolidate, signaling that the semiconductor behemoth might have reached its zenith and leading other stocks from its sector tumbling, the representative of the electric vehicle (EV) industry, Tesla (NASDAQ: TSLA), has done the opposite.Specifically, Tesla stocks have started to demonstrate the TTM (‘Trade the Market’) Squeeze indicator, which often signals that an asset’s price is likely to break out soon, in this case, to the upside, as observed by market analyti ...