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JPby u/jasmine_p·8dAnalysis

NVDA re-test of $850 by month-end feels about 60/40

Been watching $NVDA closely post-earnings and the subsequent dip. While the long-term AI thesis is clearly intact, the near-term price action has been a bit choppy. I'm leaning towards a re-test of the $850 level by month-end, giving it about a 60% probability. My reasoning is that there's still a lot of capital looking for a good entry, and any consolidation or minor pullback is being met with buy-side interest. We saw similar behavior after previous strong runs. There's also the broader market sentiment, which seems to be shaking off some of the earlier jitters. Of course, a sudden shift in macro data or any unexpected news from competitors could change that outlook pretty quickly. I'm not seeing any immediate catalysts to push us significantly higher or lower from here, so a re-test of that support seems plausible. Compared to the swings we're seeing in emerging market currencies like $IDR which is up 3.74% today, $NVDA feels relatively more stable in its trajectory within a range for now.

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1 Comments

JMu/jelena.marinescu·8d

I'm with you on the overall bullish sentiment, but I think the immediate re-test depends heavily on broader market action. If the indices pull back, NVDA might follow even with strong internal demand.

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