Since 2022 when Open AI released its GPT 3.o model AI stocks like 
NVDA and the data center solutions providers within the power and electricity space like 
PWR and 
ETN had a great run.
But recent events related to Deepseek have exposed weakness in the AI trade. When the market is fixated onNVDA and 
AVGO as the generational AI trade, the power and industrial names have been consolidating at their 200 Day SMA. These power stocks within the industrial sector are looking for catalysts to break out of the consolidating pattern. Let’s watch out for NVDA earnings on Feb 26. And the SPDR Sub Sector Industrial ETF 
XLI has also stalled. But we should always remember for this bull market to playout in full swing we need industrials need to outperform the index.
For nowPWR is in accumulation pattern.
NVDA and the data center solutions providers within the power and electricity space like PWR and ETN had a great run. But recent events related to Deepseek have exposed weakness in the AI trade. When the market is fixated on
NVDA and AVGO as the generational AI trade, the power and industrial names have been consolidating at their 200 Day SMA. These power stocks within the industrial sector are looking for catalysts to break out of the consolidating pattern. Let’s watch out for NVDA earnings on Feb 26. And the SPDR Sub Sector Industrial ETF XLI has also stalled. But we should always remember for this bull market to playout in full swing we need industrials need to outperform the index. For now
PWR is in accumulation pattern.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.