NVIDIA Corporation and Taiwan Semiconductor Manufacturing Company Ltd. were each trading 1 percent 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 percent 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 percent decline.
