$NVIDIA Corp(NVDA)$ is a stock

$NVIDIA Corp(NVDA)$ is a stock that's just too big to fail. It's included in 17 major indices, including the Nasdaq 100, S&P 500, and Nasdaq, meaning any ETF tracking these indices, or any savvy manager aiming to outperform them, has to hold NVDA.

Could it hit $130? It depends on market sentiment, but don't forget that a Fed rate cut could push it higher. If you cut through all the noise (like sahm random recession benchmark - pun intended) NVIDIA should easily break $200. Plus, it's a strong play in the booming AI sector

Nvidia Rebound: Still a Long Term Bet?

Nvidia drop 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. ----------------- What's your target price for Nvidia? Head to $130 or $140 this week?

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Comments

dimpy
08-25
dimpy
Fed rate cuts could be the boost NVIDIA needs. If AI keeps thriving, breaking $200 could be a breeze!
glowzi
08-25
glowzi
With NVIDIA in 17 major indices, it's practically a market staple. $130 is feasible if the Fed cuts rates. 📈

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