Nvidia, a tech industry leader, has shown remarkable financial growth. In Q2 2022, earnings per share were $1.36, dipping to $0.58 in Q4. However, Q3 2023 projections are promising at $0.92 per share and a revenue of $6.52 billion.
In October 2022, Nvidia's stock price, initially heading towards $100, found support at $108, marking the start of a bullish trend. Despite a 25% decline in December 2022, the 50 simple moving average (SMA) provided crucial support.
The stock price faced resistance at last year's high of $307 but broke through on May 16th, 2023, climbing 7.7%. Despite some volatility, Nvidia's resilience and growth potential remain strong.