Nvidia Corp unveiled its new H200 Tensor Core GPU yesterday, 13 November 2023. This chip boasts a 60-90% productivity increase compared to current models, with Nvidia's main competitors still in the process of developing analogs. The H200 Tensor Core is scheduled for general sale in Q2 2024. It may lead to a future rise in revenue and net profit of the issuer.
Consequently, today, our focus is on the Nvidia Corp (NASDAQ: NVDA) stock chart.
On the D1 timeframe, support has formed at 398.80, but resistance has not yet developed. Following a prolonged growth cycle, a correction to 476.52 is most likely.
On the H1 timeframe, if the asset's upward trend persists, a short-term target for a price increase might be around 502.67. In the medium term, the target for a price increase could hover around 532.55.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Consequently, today, our focus is on the Nvidia Corp (NASDAQ: NVDA) stock chart.
On the D1 timeframe, support has formed at 398.80, but resistance has not yet developed. Following a prolonged growth cycle, a correction to 476.52 is most likely.
On the H1 timeframe, if the asset's upward trend persists, a short-term target for a price increase might be around 502.67. In the medium term, the target for a price increase could hover around 532.55.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.