A slow down: after three days of going up, Nvidia was flat yesterday and closed at $193.23.

Published: January 26 2023, 04:25 GMT+0

A slow down: after three days of going up, Nvidia was flat yesterday and closed at $193.23.

Yesterday at a glance: after ending yesterday at $192.65, the graphics processing unit (GPU) manufacturer recovers back to $193.23 after dipping down to $185.8 earlier today.

Nvidia's state is reflected by market data as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Meanwhile, mixed performances were seen by other technology stocks as TSM went down 2.27%, closed at $94.56. ASML Holding added 1.72% to its value, and traded at $681.53. Texas Instruments descends 1.13% yesterday to close at $177.04.

Data to be released today might clear up some of the market fog as today at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%. United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) scheduled to come out tomorrow at 13:30 UTC.

This year has been a bright one for the graphics processing unit manufacturer after trading as low as $112.27 and going on to appreciate by 34.58% year to date.

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