US stocks give some back as the chipmakers sag ...Middle East

The give-back in US stocks isn't really notable right now with the S&P 500 down to 5036 from a high of 5048 but keep an eye on chipmakers. Shares of NVIDA are now trading in negative territory at $720 from a high of $746.Earlier, I highlighted some worrisome parabolic moves in SMCI and ARM. Those have both given back a lot as well.Hang tight. This article was written by Adam Button at www.forexlive.com.

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