Nvidia Shares To Climb Over $140+ Levels, Says Technical Analyst Ahead Of Q3 Results: ‘…Will Have To Beat Street Expectations For The Trend To Continue’
The world’s largest market capitalization company, Nvidia Corp (NASDAQ:NVDA), will report its September quarter earnings on Wednesday, Nov. 20. The street is keenly waiting for the company to report its financials as its shares have risen 191% year-to-date but declined by 2.5% over the last month.
On a year-to-date basis, Nvidia has outperformed the Nasdaq 100 Index, which grew by 24%, whereas, the technology company has underperformed the index in the last month, following Nasdaq 100’s growth of 0.87%.
What Happened: While many analysts expect good results from the chipmaker, technical analyst, and chief investment officer at NeoTrader, Dr C.K. Narayan says that “the trend is resolute in Nvidia charts.” He expects the stock to trade upwards of …
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