NVIDIA Rides AI Boom, Hits $139.85 with Bullish Analyst Targets
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NVIDIA Rides AI Boom, Hits $139.85 with Bullish Analyst Targets
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Description
As of November 8, 2024, here is a comprehensive analysis of NVIDIA (NVDA): ## Current Price and Intraday Trading Range NVIDIA's stock price is currently around $139.85, with an intraday...
show more## Current Price and Intraday Trading Range
NVIDIA's stock price is currently around $139.85, with an intraday trading range of $135.57 to $139.92.
## Pre-market and After-hours Movement
There is no specific data available for the pre-market and after-hours movement on November 8, but the stock has been trending upward, with a 2.82% increase in the last trading session.
## Trading Volume vs Average
The average daily trading volume for NVIDIA is substantial, but specific figures for the current day are not provided. However, the stock's recent gains have been supported by significant trading activity, indicating strong market interest.
## Recent News or Announcements
NVIDIA is set to host a conference call on November 20 to discuss its third-quarter financial results. Additionally, NVIDIA recently announced the xAI’s Colossus supercomputer cluster, which includes 100,000 NVIDIA Hopper Tensor Core GPUs, highlighting the company's strong presence in AI and high-performance computing.
## Major Analyst Updates or Price Target Changes
Analysts have set a wide range of price targets for NVIDIA, from a minimum of $90.00 to a maximum of $202.79. There have been no major updates in the last 24 hours, but the overall sentiment remains bullish given the company's strong performance in AI and data center markets.
## Options Flow Activity
There is no specific data on options flow activity for the last 24 hours, but NVIDIA's options are typically active due to its volatility and market interest.
## Related Semiconductor/AI Sector News
The semiconductor and AI sectors have been robust, with NVIDIA benefiting from its leadership in graphics processing units (GPUs) and its expanding role in data centers, autonomous driving, and AI applications. Recent advancements in AI technologies and the integration of NVIDIA's products in various industries continue to drive the stock's performance.
## Key Technical Indicators for Day Trading
- **Support and Resistance Levels**: Key support levels are at $134.86, $133.71, and $131.68, while resistance levels are at $138.04, $140.07, and $141.22.
- **Beta**: NVIDIA's beta is -0.59, indicating it is less volatile than the broader
Information
Author | QP-4 |
Organization | William Corbin |
Website | - |
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