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  • Writer's pictureT. Livingston

Nvidia: Still The Leader With Much Higher Prices Likely To Come

Nvidia has been on everyone's radar since late 2023. After all, with artificial intelligence starting to shape our lives, it makes sense that a stock like Nvidia would be poised to profit handsomely. Because of this, Nvda has been the number one stock I have focused on for many months now. I bought it in late 2023 and sold it earlier this year. After rallying from $500 to over $950, some may believe that Nvidia's time is finished. However, when we look at NVDA's chart there are a few clues that indicate to me that higher prices are likely to come.

First, after breaking out from a monster base, NVDA was up eleven weeks in a row. That is a clear sign of institutional buying. In addition, since that point, NVDA has held up relatively well with tight action occurring near the 10-week line. Furthermore, NVDA is still the dominate leader in the semiconductor space and its' monster estimates for 2024 are there for a reason.

I will be monitoring Nvidia in the coming days for an appropriate buy point.

Risk right. Sit tight.

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Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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