Nvidia Is in Rally Mode: Here’s How High It Can Go

TheStreet2021-06-15

Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here? Nvidia shares have finally been giving bulls something to cheer about as the ...

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Comments

Hayleywills
2021-06-16
Hayleywills
How high i wonder
TooYoung
2021-06-15
TooYoung
Price too high that it scares me. Will wait for the split
Wheeha
2021-06-15
Wheeha
Gogo
TANKH888
2021-06-15
TANKH888
WFH will push it higher. How high it can go no one will know until it turns?
Ljoney
2021-06-15
Ljoney
Chip shortage
Barbarazhao
2021-06-15
Barbarazhao
It will go higher

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How far can it go from here?\nNvidia shares have finally been giving bulls something to cheer about as the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/nvidia-nvda-stock-rally-new-highs-trading-061421\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://www.thestreet.com/investing/nvidia-nvda-stock-rally-new-highs-trading-061421","article_id":"1195129456","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195129456","pubTimestamp":1623714452,"sourceInfo":null,"weMediaInfo":null,"summary":"Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?Just like most of big tech, Nvidia topped in early September, hitting roughly $588 a share. 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We’ve had spurts above that level, but none of the rallies have been sustainable.\nThat’s despite a shortage in semiconductors keeping demand elevated. It’s also despite the crypto-mining market keeping demand high for mining-specific chips.\nEven with strong earnings and an impressive GTC event (where management again updated its guidance above consensus expectations), Nvidia stock couldn’t get moving.\nOthers like Apple and Amazon have been experiencing the same thing - strong operations and better-than-expected results but a stagnant share price.\nFor Nvidia though, shares finally broke out after the company’s most recent earnings report. Now investors are trying to figure out just how far this stock can run.\nTrading Nvidia\nDaily chart of Nvidia stock.\nShares stumbled for a day after the company reported earnings in mid-May. Growth stocks were still in a bear market and investors weren’t sure if they should buy Nvidia despite strong results.\nIt took a day to figure out, but then they started to gobble up the stock.\nHowever, with sustained growth acting as a tailwind and a 4-for-1 stock split coming on July 20, buyers may continue to bid this name higher. That’s what we saw near the end of summer last year with Apple and Tesla.\nIn any regard, the rally here has been steep and while Nvidia stock has rested for a few days at a time, it still has not tested 10-day moving average in almost a month.\nAs it stands now, shares are hitting the 161.8% extension areas from both the larger and shorter ranges from 2021. Additionally, there is a bit of divergence on the Williams %R reading.\nThese observations have me a bit cautious on the stock in the short term, but not in a bearish way. 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Will wait for the split","listText":"Price too high that it scares me. Will wait for the split","text":"Price too high that it scares me. Will wait for the split","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184446339","repostId":1195129456,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184555238,"gmtCreate":1623719709324,"gmtModify":1704209444190,"author":{"id":"3574242354791767","authorId":"3574242354791767","name":"Wheeha","avatar":"https://static.tigerbbs.com/976cb02f64b6f2365acf93eb2b95d60d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Gogo","listText":"Gogo","text":"Gogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184555238","repostId":1195129456,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184561986,"gmtCreate":1623718978945,"gmtModify":1704209410243,"author":{"id":"3583660884205170","authorId":"3583660884205170","name":"TANKH888","avatar":"https://static.tigerbbs.com/59dee1a92cf748c217b1e0a4e79ec5e8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"WFH will push it higher. How high it can go no one will know until it turns?&nbsp;","listText":"WFH will push it higher. How high it can go no one will know until it turns?&nbsp;","text":"WFH will push it higher. How high it can go no one will know until it turns?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184561986","repostId":1195129456,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184580891,"gmtCreate":1623718661713,"gmtModify":1704209391335,"author":{"id":"3581591015314710","authorId":"3581591015314710","name":"Ljoney","avatar":"https://static.tigerbbs.com/8376cac12c1b661feac4d507eb1379e4","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Chip shortage&nbsp;","listText":"Chip shortage&nbsp;","text":"Chip shortage","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184580891","repostId":1195129456,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184533041,"gmtCreate":1623718137683,"gmtModify":1704209365362,"author":{"id":"3576888762442253","authorId":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"It will go higher&nbsp;","listText":"It will go higher&nbsp;","text":"It will go higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184533041","repostId":1195129456,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":79,"commentSize":36,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1195129456"}