Nvidia’s stock price paints easiest path to hitting $200
The post Nvidia’s stock price paints easiest path to hitting $200 appeared on BitcoinEthereumNews.com. The share price of American semiconductor giant Nvidia (NASDAQ: NVDA) is targeting a record high of $200, with chart patterns suggesting the path to this mark could be possible. Notably, Nvidia stock has maintained its position above $180 in recent sessions, supported by strong fundamentals tied to the company’s role in the growing artificial intelligence market. On Friday, NVDA closed at $180.45, down 0.8% on the day, though year-to-date the equity remains up 30%. NVDA YTD stock price chart. Source: Finbold NVDA stock technical outlook Regarding price movement, analysis by TradingShot in a TradingView post on August 14 noted that since bottoming in early April, NVDA has been trading in a strong “channel up” formation, a bullish pattern that has guided its relentless advance. In this instance, the 50-day moving average (MA) has served as strong support since May, confirming buyer control and acting as a launchpad for fresh rallies. NVDA stock price analysis chart. Source: TradingView At the same time, the TradingShot analysis highlighted that history appears to be repeating itself. Nvidia’s last three bullish legs each delivered gains of at least 20%. Therefore, the current setup suggests that if momentum continues and the relative strength index (RSI) holds its support, the stock could be on track for another leg of similar magnitude, enough to push NVDA directly toward the $200 psychological target. NVDA stock fundamentals Despite the bullish outlook, it’s worth noting that Nvidia faced volatility in 2025, plunging 30% earlier on tariffs and China competition, but has since rebounded on strong GPU and data center demand driven by tech giants’ infrastructure spending. Beyond AI, Nvidia is expanding into robotics, autonomous driving, and quantum computing, with its CUDA platform driving growth across these sectors, suggesting the AI opportunity is broader than many investors expect. Looking ahead, Nvidia’s Q2…
The post Nvidia’s stock price paints easiest path to hitting $200 appeared on BitcoinEthereumNews.com.
The share price of American semiconductor giant Nvidia (NASDAQ: NVDA) is targeting a record high of $200, with chart patterns suggesting the path to this mark could be possible. Notably, Nvidia stock has maintained its position above $180 in recent sessions, supported by strong fundamentals tied to the company’s role in the growing artificial intelligence market. On Friday, NVDA closed at $180.45, down 0.8% on the day, though year-to-date the equity remains up 30%. NVDA YTD stock price chart. Source: Finbold NVDA stock technical outlook Regarding price movement, analysis by TradingShot in a TradingView post on August 14 noted that since bottoming in early April, NVDA has been trading in a strong “channel up” formation, a bullish pattern that has guided its relentless advance. In this instance, the 50-day moving average (MA) has served as strong support since May, confirming buyer control and acting as a launchpad for fresh rallies. NVDA stock price analysis chart. Source: TradingView At the same time, the TradingShot analysis highlighted that history appears to be repeating itself. Nvidia’s last three bullish legs each delivered gains of at least 20%. Therefore, the current setup suggests that if momentum continues and the relative strength index (RSI) holds its support, the stock could be on track for another leg of similar magnitude, enough to push NVDA directly toward the $200 psychological target. NVDA stock fundamentals Despite the bullish outlook, it’s worth noting that Nvidia faced volatility in 2025, plunging 30% earlier on tariffs and China competition, but has since rebounded on strong GPU and data center demand driven by tech giants’ infrastructure spending. Beyond AI, Nvidia is expanding into robotics, autonomous driving, and quantum computing, with its CUDA platform driving growth across these sectors, suggesting the AI opportunity is broader than many investors expect. Looking ahead, Nvidia’s Q2…
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