NVDA's Pullback: A Probabilistic Look at $900 by Q3 End

Watching $NVDA closely post-earnings. The run-up has been incredible, but the current consolidation around the $KES 122.55 area (rough equivalent for my mental accounting, not a direct FX play obviously) after its latest peak suggests some profit-taking and re-evaluation. My sense is that a sustained push back to and holding $900 by the end of Q3 is becoming increasingly likely.

I'd put the odds at around 60% for a breach and hold above $900. Reasoning: enterprise AI adoption continues to accelerate, and their Blackwell platform isn't fully priced in yet regarding its long-term revenue impact. While we've seen some short-term volatility, possibly reflected in the $BRLUSD movement indicating broader risk-off sentiment in some pockets, NVDA's core business drivers remain robust. The only significant risk I see that could derail this is a broader tech sector correction, but even then, NVDA's relative strength might limit the downside.