Today’s Stocks to Watch: Nvidia, Palantir, Broadcom, and Oracle

Key Points to Watch Out For
- Nvidia remains close to its 184.48 breakout level; any strong move could set the tone for AI stocks.
- Palantir is testing its 185.75 entry point and could confirm a breakout this week.
- Broadcom and Oracle continue to underperform, raising questions about selectivity in AI trades.
- Broader risks include the September jobs report and a potential U.S. government shutdown, both of which could heighten volatility.
Nvidia (NVDA): Holding Near Breakout Zone
Nvidia is modestly lower in Tuesday’s premarket session but remains close to a flat base buy point at 184.48 after climbing 2.1% in Monday’s trade. Sentiment around the stock stays positive after KeyBanc raised its price target to $250 from $230, citing persistent GPU and AI infrastructure demand. Investors are watching whether Nvidia can break decisively above resistance levels this week.
Palantir Technologies (PLTR): Testing Cup-With-Handle Entry
Palantir is steady in early Tuesday action, trading near its cup-with-handle entry point at 185.75. After a 0.7% gain on Monday, the stock remains on the IBD Leaderboard and continues to attract growth-focused investors. A confirmed breakout could trigger further institutional buying if market conditions remain supportive.
Broadcom (AVGO): Weakness Extends
Broadcom is down slightly in Tuesday’s premarket, continuing a pullback that has lasted three consecutive sessions. The stock’s 2% slide on Monday highlighted investor caution around richly valued AI beneficiaries. Market watchers are now focused on whether Broadcom can stabilize above key support or if the correction deepens.
Oracle (ORCL): Persistent Selling Pressure
Oracle trades flat to slightly lower ahead of Tuesday’s open, extending a five-session losing streak. Despite the company’s positioning as an AI cloud infrastructure player, investors remain skeptical in the short term. The stock’s inability to participate in the broader AI rally suggests ongoing concerns over execution and valuation.