$NVIDIA Corp(NVDA)$is a global leader in Artificial Intelligence, hardware and software from edge to cloud computing expanded its presence in the gaming industry.
It is a software and fabless company which designs graphics processing units, application programming interface for data science and high performance computing as well as system on a chip units for the mobile computing and automotive market.
NVDA is attractive for bargain hunting with recent drawdown 47.40% from its all time high at 346 to recent Low 182. Post federal reservemeeting announcement of 0.5 basis point hikeand balance sheet reduction commence in June on may 4 has pushed the Dow Jones 932.27points or 2.81% higher, snp 500 index gained 2.99% and nasdaq composite jumped 3.19%.
Technical analysis suggest that there is a price gapped down between 253 to 258 which actas an Immediate resistance, last trading price close at 203 suggest 27% upside rally target for bargain hunting.
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