Nvidia Stock Rises. But Citi Says the Chip Maker’s Dominance Could Be Ending

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Nvidia Stock Rises. But Citi Says the Chip Maker’s Dominance Could Be Ending. 📊 The company looked set to pare back some of its recent losses on Monday, but analysts at Citi are warning that the artificial intelligence-fueled winning streak that powered the chip maker to a trillion-dollar valuation is coming to an end. Barron’s reports.

✈️ DeliverDips: Airbus posts lower deliveries, wins bumper order from private customer. Reuters reports.

💳 AliCard: Alibaba, Mastercard to Issue Credit Card for Small Business. Yahoo Finance reports.

⚡ ElectroCut: Toyota cuts 2026 global EV output plans by a third. Reuters reports.

🛑 AdBreak: Google’s second antitrust trial could help shape the future of online ads. CNBC reports.

🔋 DriveUp: Japan to give up to $2.4 billion in new support for domestic EV battery production. Reuters reports.

📉 BroadDrop: Broadcom shares slump as revenue target disappoints investors hoping for big AI boost. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $INBS: Intelligent Bio Solutions
Total gain: +65.18%

2. $TNXP: Tonix Pharmaceuticals
Total gain: +54.38%

3. $SMMT: Summit Therapeutics
Total gain: +47.75%

4. $IVP: Inspire Veterinary
Total gain: +45.55%

5. $BURU: Nuburu
Total gain: +35.84%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11 AM ET, as our Risk Management educator.

How easy is it to identify wedges on a chart?

Once you start seeing wedges, you can’t unsee them anymore. You’ll see them everywhere, and you’ll see how reliable a pattern wedges are. I think that’s one of the most critical things you should take away when you start to line up wedges and start to see them. You’ll draw a lot of channels, both upward-sloping and downward-sloping, and you’ll see these moves that are parabolic within the channel. You could right away think this might be a wedge. Wedges are very, very, very reliable. That doesn’t mean they’re 100%, because they’re not, but they’re very, very reliable.

Are wedges reliable for intraday trades?

They are, but they develop very quickly. You have to have your channels already drawn, and then when something moves parabolic, you draw that second trendline, whether it’s up or down, and then you watch it. You can’t take your eyes off it. That’s part of the reason I don’t love short-term charts; I like to walk away from my screen. But once that wedge develops, you have to trade it quickly and you have to get out quickly because they move very fast and sometimes they move even before you’re able to get in them. But they’re extremely reliable patterns, so start looking for them.

The closing price of the top three market percent gainers trading near or above $3 on September 6.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $WHLR: Wheeler Real Estate Investment Trust
Total gain: +193.72%
The stock appeared to be moving on no notable news.

2. $BENF: Beneficient
Total gain: +45.33%
The stock appeared to be moving on no notable news.

3. $AGX: Argan
Total gain: +22.25%
The company announced its financial results for the second quarter of fiscal year 2025, which ended on July 31, 2024. Consolidated revenues for this quarter were $227.0 million, representing an increase of $85.7 million, or 60.6%, compared to consolidated revenues of $141.3 million in the same quarter of the previous year. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

ORCL: Oracle
1Q 2025
After Market Close
Estimate: 1.320
Actual: N/A

RBRK: Rubrik
2Q 2024
After Market Close
Estimate: -0.490
Actual: N/A

BIOX: Bioceres Crop Solutions
4Q 2024
After Market Close
Estimate: 0.240
Actual: N/A

Time (ET) / Report / Period

10:00 am - Wholesale inventories - July
3:00 pm - Consumer credit - August

“To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.”

― Benjamin GrahamSourced in:
“The Intelligent Investor: A Book of Practical Counsel”, by Benjamin Graham, published in 1949