Nuclear Stocks in 2025: Will AI Data Centers Drive Growth?
As the Dow Jones Industrial Average and other major indexes traded higher on Friday, investors awaited economic data due out shortly after the market open. Nvidia, a leader in artificial intelligence, was an early frontrunner, attempting to move past a key resistance level.
Tech Stocks Lead the Charge
After the opening bell, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 gained 0.5%. The tech-heavy Nasdaq composite climbed 0.9% in morning trades. Among exchange-traded funds, the Invesco QQQ Trust gained 0.9%, as the SPDR S&P 500 ETF moved up 0.5% after the open.
Nvidia’s AI Armor: Cracks Emerge
Nvidia rallied 3% on Thursday, again running up into potential resistance around the 50-day line. This key level is crucial to monitor as shares of the artificial intelligence giant build a double-bottom base that offers a 146.54 buy point. A decisive retake of the 50-day line around 140 would mark an aggressive buy trigger. Nvidia stock added 3.4% Friday morning, on pace to regain the 50-day line.
Economic Data on the Horizon
Due out at 10 a.m. ET, the Institute for Supply Management’s manufacturing index is expected to inch higher to 48.5 for December vs. November’s 48.4 reading.
Apple, Nvidia, and Microsoft: A Trio to Watch
As we head into 2025, these three tech giants are poised for growth. Nvidia’s AI capabilities, Apple’s innovative products, and Microsoft’s software dominance make them attractive investments.
Other Stocks to Watch
BlackRock, Fortinet, Interactive Brokers, and Taiwan Semiconductor Manufacturing are also making notable moves. Dow Jones components Amazon, Apple, Honeywell, and Microsoft are worth tracking.
The ‘Apps’ Have It — So Do Palantir and 26 Other Stocks
Dow Jones component Honeywell is building a flat base that offers a 242.77 buy point. Shares rose 0.4% Friday, looking to bounce from their 50-day line. Cybersecurity leader Fortinet is approaching a flat base’s 100.59 buy point. Shares moved up 0.8% Friday morning.
AI Chipmaker Taiwan Semiconductor: A Recent Breakout
Taiwan Semiconductor, better known as TSMC, broke out last week, moving past a 205.63 cup-with-handle buy point. But shares remain below their buy point despite Thursday’s 2.1% advance. TSMC was a recent IBD Stock Of The Day. Shares tacked on 1.4% Friday.
Tesla: A Bounce Back
Tesla stock dived more than 6% Thursday, extending a losing streak to five sessions after the company disappointed Wall Street in its fourth-quarter deliveries. The electric-vehicle giant bounced back from those losses, rising 1.8% in morning trading Friday.
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