Stock Market Today With IBD Stocks Hit Highs On Nvidia Optimism. Quanta Services, CrowdStrike, Figure Technology In Focus.
Oct 8, 2025
The market hits highs, fueled by NVIDIA's bullish AI comments and optimism across tech stocks. Ken and Ed analyze key players like CrowdStrike, which is experiencing a technical breakout. Quanta Services is spotlighted for its role in data center infrastructure. A look at Taiwan Semiconductor's upcoming sales reveals its impact on AI demand. Cybersecurity stocks show signs of recovery, and Figure Technology's volatile IPO is dissected for trading strategies.
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AI Optimism Fuels Market Breadth
- Nvidia's bullish comments on AI drove broad market strength and helped lift tech stocks to all-time highs.
- The market shrugged off negative Oracle news, signaling resilient internals and healthy breadth.
Strong Tech-Led Accumulation
- The NASDAQ hit another all-time closing high with accumulation day volume above average, led by tech and AI names.
- Indexes remain near short-term moving averages and are not yet dangerously extended versus their 50-day lines.
Watch Index Extension
- Monitor how far indexes run above their 50-day lines because extension raises pullback odds.
- Consider trimming or protecting positions if the NASDAQ moves well beyond typical extension levels like 7–8%.