NVIDIA Stock: A Winner in the AI Boom
NVIDIA Completes New Flat Base, Etches Buy Point
After a strong gain last week, NVIDIA stock is in a cup base and is poised to break out. The stock's split-adjusted all-time high of $140.76 is the next target for buyers.
NVIDIA Stock Rallies Amid AI Frenzy
Shares of NVIDIA have been on a tear this year, up over 150% thanks to the growing excitement around artificial intelligence (AI). The company's chips have become the computational workhorses of the AI boom.
Technical Analysis: NVIDIA Stock
NVIDIA stock tested the still-valid $476.09 buy point on December 1st. The relative strength line (RS line) for NVIDIA stock is rising, indicating that the stock is outperforming the S&P 500 index.
Key Levels to Watch
- Buy point: $476.09
- Resistance: $500
- Support: $450
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