The Magic had a breakout season, and there is no reason for them to slow down now.
As the AI leader hovers above its 50-day moving average again, investors holding Nvidia could be asking themselves, should they continue to hold or take some profits? Nvidia's chart shows a clear buy point from a base again, according to IBD MarketSurge. Meanwhile, investors await Nvidia's May 22 earnings report.
Shopify isn't a pure-play AI stock, but it should be able to use AI to solidify its economic moat.