Break out or nah
NVDA has broken out of a triangle. If momentum is maintained, we could see $150 as a target
Note
NVIDIA 
NVDA Blackwell revenue could surpass Hopper as soon as Q1 2025, says Morgan Stanley:
"According to our checks of the GPU testing supply chain, Blackwell chip output should be around 250-300k in Q4 2024, contributing $5-10 billion revenue for NVIDIA, which is still tracking Joe Moore's bullish forecast.
Into Q1 2025, we understand that Blackwell chip volume may reach 750k-800k units, up almost 3x from Q4 2024. Meanwhile, we expect Hopper volume (including H200 and H20) to be around 1500k units in Q4 2024, and gradually ramp down to 1000k units in Q1 2025. Given B200 chip price is around 60%-70% higher than H200, Blackwell revenue should surpass Hopper in Q1 2025."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.