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Benzinga
Benzinga
Business
Melanie Schaffer

Chart Wars: Between Nvidia, Taiwan Semiconductor, Which Stock Looks Set To Fly Higher?

Nvidia Taiwan Semiconductor NVDA NVIDIA Corporation NYSE

NVIDIA Corporation (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing Company, Ltd. (NYSE:TSM) were each trading 1% higher on Monday despite the broad sector ETF SPDR S&P 500 consolidating with an inside bar pattern.

Both stocks have reached new all-time highs recently with Nvidia soaring to the $346.47 mark on Nov. 22 and Taiwan Semiconductor hitting a Jan. 13 high of $145. Since reaching their all-time highs both stocks have sold off, with Nvidia dropping 38.35% to reach a Jan. 28 low of $212.96 and on that same date Taiwan Semiconductors bounced up from a bottom at the 114.19 level, which represented a 21.25% decline.

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