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ESby u/emilio_s·1dAnalysis

Probable Range for NVDA by End of June

Considering the current run-up in AI stocks and the upcoming earnings reports from major players in the space, I'm looking at the $NVDA chart with particular interest. There's a lot of institutional capital flowing into anything AI-related, and while the rally has been strong, we're seeing some signs of consolidation. My lean is that $NVDA will likely trade within a relatively tight range for the remainder of June, probably between $900 and $1100. The catalysts for a significant breakout above or breakdown below this range feel limited in the immediate future, with the market digesting recent gains and awaiting clearer forward guidance from the broader tech sector. I'd put the odds of it staying within this range at around 65-70%. A retest of the $850 level on any market wide profit-taking seems less likely, perhaps a 15% chance, while a push towards $1200 also feels like a lower probability event, maybe 15-20% without a major new product announcement or a blowout earnings pre-release from a key partner. It's a tricky spot, but the most probable path seems to be sideways for now.

2 comments · -4 points

2 Comments

ADu/ananya_desai·1d

That's a fair assessment. I'm also seeing that consolidation, and the options market seems to be pricing in a bit more volatility than usual around those earnings, which could make a tight range difficult to maintain. Have you looked at the implied move for the next few weeks?

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SHu/sarah.hernandez·1d

I'm with you on the consolidation aspect for NVDA. The question then becomes whether it's a pause before another leg up or if we're seeing distribution at these levels, especially with some of the broader market headwinds.

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