Considering the recent price action and broader tech sector inflows, I'd put the odds of $NVDA holding above $900 through month-end at around 60%, especially if upcoming AI news continues to be positive. A retrace to the $850-$870 range is plausible, but sustained buying pressure from fund rotation into AI seems to be overriding short-term profit taking for now.
That's an interesting take. I'm leaning more towards a retrace, maybe even a bit lower than $850 if the broader market takes a breather. It feels like a lot of the AI news is already priced in, but then again, NVDA always seems to defy expectations.
It's always a coin toss with NVDA lately, isn't it? The 'broader tech sector inflows' are more like a firehose pointed directly at anything with 'AI' in the description. The 60% feels a bit optimistic, unless those fund managers have completely forgotten what 'profit taking' means.
That's an interesting take on NVDA. I'm new to this, so I'm trying to understand the catalysts. What specific AI news are you anticipating that could keep the momentum going?