Nvda continues to stay above the bearish $850 price target.
People think the whole world is falling apart because of a bad week, but in reality the stock is only down 1.8%. Investors pulled out right before the $1,000 price target, and the stock will probably continue to stay between $850 and $925 until GTC event.
I'm still remaining bullish on the stock, but we need some catalyst next week to hit $1,000 Imo. Due to all the recent breakthroughs in AI technology and the Blackwell architecture getting closer and closer to release, I really don't see how NVDA wont hit $1000. The only thing that could absolutely crush the stock would be the next earnings fallings. Which we all know without a doubt will be up substantially from the last. anyhoo lmk what you guys think.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Strategy 1·03-19I agree but this week key factor for me will be FED speech. If too hawkish a overall slump or correction may happenLikeReport