Timonrosso

UPDATE: Nvidia on track to its target of $562.33

Long
NASDAQ:NVDA   NVIDIA Corporation
As mentioned before, there was a large Cup and Handle that formed on the price chart.

We then had the price break up and out of the brim level, showing intense demand and buying.

We also have 7>21>200 MA - Bullish and RSI>50 (Bull zone).

The first anticipated target we set was a medium term one to $562.33

Nvidia continues to make higher highs and all time highs. And this will continue as long as people are feeling bullish and confident with the current AI, Machine learning, deep learning
and quantum computing developments on the rise.

ABOUT THE COMPANY

Founding:
Nvidia Corporation was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem.

Headquarters:
The company is headquartered in Santa Clara, California, USA, in the heart of Silicon Valley.

GPU Pioneer:
Nvidia is credited with inventing the Graphics Processing Unit (GPU) in 1999, revolutionizing the gaming industry by allowing for more complex visuals and 3

Industries:
While Nvidia is best known for its impact on video games, its GPUs are also used in areas like artificial intelligence, high performance computing, data centers, automotive technology, and more.

GeForce:
One of Nvidia's most well-known product lines is the GeForce series, which are GPUs designed for consumers, primarily for gaming and video editing.

Tegra Processors:
Nvidia also produces Tegra mobile processors for smartphones and tablets, as well as vehicle navigation and entertainment systems.

AI & Deep Learning:
Nvidia has made significant contributions to the fields of AI and deep learning, with their GPU architectures being used to accelerate these tasks.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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