Another Year, Another Ride on the Nvidia Train– Bullish for 2025
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Bullish Reasons for Nvidia:
AI Growth: Nvidia’s GPUs are the backbone of AI infrastructure, powering the booming AI market and ensuring long-term demand.
Market Dominance: With 80-90% control of the AI chip market, Nvidia’s market share positions it as a dominant player with staying power.
Microsoft’s 80B Investment: Nvidia is poised to reap the rewards of Microsoft’s massive AI data center investment, cementing its role in the AI revolution.
Bank of America’s "Top Pick": As Bank of America’s top pick heading into CES 2025, Nvidia is set for game-changing announcements that could propel growth even further.
Analyst Optimism: With analysts setting a $177 target price, Nvidia’s upside potential is highly regarded by the market.
Impressive YOY Growth: Nvidia has posted 53% YOY revenue growth, driven by 61% growth in data centers and 101% growth in gaming. Its 90% increase in earnings per share showcases its dominance in AI and gaming sectors.
Financial Strength: With a strong balance sheet and solid cash flow, Nvidia is well-positioned to continue expanding its influence in AI and technology innovation.
Trade Plan: Entry: $147.50 (pre-market price) TP1: $160 (+8.5%) TP2: $180 (+22.1%) Stop Loss: $135 (-8.5%) (Consider for yourself; I'm holding without a stop loss for the long term)
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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.