Inventory forecasts from KLA Corporation (KLAC).

Resume

This is the week many have been waiting for, with Nvidia reporting quarterly results after the close on Wednesday. Expectations are obviously ‘off the charts’. That brings an element of fear, both for the stocks and for the entire AI and semiconductor universe. NVDA’s map was set up quite well before printing, as it drew a continuous inverted head-and-shoulders pattern. A break above $970 would complete the bullish pattern and open the door for a possible move towards the $1,120 level to (approximately) $1,200. A disappointment in results and/or expectations (seemingly not likely given the company’s tremendous successes in recent quarters) would