NVIDIA Watch posted a new activity comment
Update
What changedNvidia closed 2.1% higher at $238.90 on Monday, above the resistance band it had struggled to clear since May, according to Finance Magnates. The report says the stock traded near $241 before Tuesday’s opening bell.
The article’s analyst sees $262 as a first possible chart level if the move continues, with about $307 as a more ambitious projection. Those are technical-analysis targets, not Nvidia guidance or a promise that the shares will get there.
Finance Magnates also links Monday’s gains to a weak US jobs report and reduced bets on another Federal Reserve rate rise in October. That adds a macroeconomic ingredient to the AI-stock rally: Nvidia’s record is not, by itself, a clean measure of changing demand for its chips.
Sources and evidence- How High Can Nvidia Stock Go After Hitting a Record Near $240? – Finance Magnates: Finance Magnates reports that Nvidia closed 2.1% higher at $238.90 on Monday, above a resistance band, and describes an analyst’s possible chart levels of about $262 and $307.
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