• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Nvidia stock has 25% upside

by November 15, 2024
written by November 15, 2024

Nvidia’s stock has surged to unprecedented heights, and Melius Research suggests the momentum isn’t over. A recent note by Ben Reitzes, managing director at Melius, raised Nvidia’s price target to $185, suggesting a potential 26% increase from its current level. Reitzes likens Nvidia’s trajectory to Apple’s groundbreaking iPhone launch, suggesting that selling now could be a mistake, similar to exiting Apple stock after its initial iPhone release.

The ‘iPhone Moment’ Investors Can’t Afford to Miss

Reitzes believes Nvidia’s next-generation Blackwell GPU will mark a transformative point for the company, akin to a “watershed moment.” He notes that enthusiasm surrounding Nvidia’s product cycles today mirrors the hype around Apple’s iPhone launches over a decade ago, only on a much larger scale. “Giving up on Nvidia now, post-Hopper, would be like abandoning Apple at iPhone 1 or 2,” Reitzes emphasized, referring to Nvidia’s current-generation Hopper chip.

Nvidia’s ascent has been driven by the explosion of artificial intelligence applications, notably fueled by OpenAI’s release of ChatGPT in late 2022. Since then, Nvidia shares have skyrocketed by nearly 800%, propelling the company to a market cap of over $3.5 trillion, making it the largest in the world. Investors may want to hold on a bit longer as Nvidia’s Blackwell chip could further elevate the company’s already historic rise.

Nvidia Stock Chart Analysis

NVDA/USD 15-Minute Chart (Source: TradingView)

The 15-minute chart for Nvidia (NVDA) shows recent fluctuations, with the stock trading at around $146.41, down 0.33% for the session. The chart reveals a significant price range between approximately $135 and $149 over the past few days, indicating volatility within this period. The stock reached a high near $149 but failed to maintain that level, with prices now consolidating in the $146-$148 range.

Looking at the Relative Strength Index (RSI) at the bottom, we see it currently at 43.18, suggesting that the stock is neither overbought nor oversold at this point. The RSI has generally stayed below 50, hinting at weaker buying momentum in recent sessions but not dipping low enough to indicate a strong oversold condition.

The stock’s pullback from recent highs might attract traders seeking a lower entry point, especially if Nvidia’s price stabilizes near current support levels around $145. However, a break below $145 could signal further downside, possibly retesting support closer to $140. Alternatively, a move above $148 and the recent high near $149 could trigger renewed bullish interest.

Given Nvidia’s recent rally and robust long-term outlook, short-term traders might watch these support and resistance levels closely, while longer-term investors may view any dips as buying opportunities.

The post Nvidia stock has 25% upside appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump goes full MAGA as he picks allies and loyalists to fill his second administration
next post
Shopify’s Stock Surged By 25% After Reporting Strong Revenue

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Fani Willis ordered to pay $54K for violating open records laws in Trump case

    March 17, 2025
  • AUDUSD and AUDNZD: AUDUSD continues to slide lower

    July 19, 2024
  • Top 5 most outrageous ways the government has wasted your taxes, as uncovered by Elon Musk’s DOGE

    May 2, 2025
  • EURUSD and GBPUSD: EURUSD is moving to a new weekly high

    September 13, 2024
  • GOP senators renew call for DOD watchdog to probe former Joint Chiefs boss Milley for alleged misconduct

    May 20, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,248)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Mitch McConnell sings Trump campaign praises: ‘Sharper operation this time’

    November 6, 2024
  • Trump directs AG Bondi to work on unsealing grand jury transcripts in Epstein case: ‘We are ready’

    July 18, 2025
  • China opens probe into Nvidia, accusing company of violating its anti-monopoly law

    December 10, 2024

Recent Posts

  • Trump’s first Cabinet picks decidedly not isolationists: Ukraine, Israel breathe a sigh of relief

    November 13, 2024
  • Trump scores major win as Senate installs IRS critic to lead the agency

    June 12, 2025
  • Justice Sonia Sotomayor faces pressure to retire ahead of Trump taking office: report

    November 8, 2024

Editor’s Pick

  • EURGBP and EURCHF: EURCHF continues to rise today

    August 15, 2024
  • President Trump urged to pardon 76-year-old grandmother, others in prison for pro-life activism

    January 21, 2025
  • Constitutional scholar uses Biden autopen to flip Dems’ ‘democracy’ script against them: ‘Scandal’

    July 15, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock