Economy 26-11-2024 13:28 26 Views

NVIDIA Stock: Why NVDA Could Soar Through 2025

NVIDIA Corporation (NASDAQ: NVDA) has faced turbulence since its third-quarter guidance failed to match the market’s lofty expectations. Despite the initial disappointment, analysts at Jefferies remain optimistic, highlighting strong demand for NVIDIA’s chips as a key driver of long-term growth.

In its Q3 earnings report on November 20, NVIDIA exceeded both revenue and earnings expectations but offered slightly above-consensus Q4 guidance, which left some investors underwhelmed. However, Jefferies believes the market is underestimating NVIDIA’s robust demand pipeline, positioning the stock favourably for significant growth through 2025 and beyond.

Key catalysts include the anticipated release of NVIDIA’s Blackwell chips, which are expected to see demand far outpacing supply for several quarters post-launch. Additionally, the Hopper architecture remains in strong demand and is likely to drive sales well into the first half of 2025. At the recent SC24 SuperCompute conference, Jefferies noted that only select lead customers and ODMs could secure NVIDIA’s products, underscoring the limited supply amidst red-hot demand.

With ongoing tailwinds from AI-driven computing needs and data centre expansion, NVIDIA remains a leader in the semiconductor space. Investors may consider near-term price fluctuations as opportunities, as the company’s long-term growth narrative appears solidly intact.

NVIDIA Stock Chart Analysis

NVDA/USD 15-Minute Chart

This chart displays the 15-minute candlestick performance of NVIDIA Corporation (NVDA) stock. The chart reveals a period of mixed volatility with an overall consolidation pattern near the $141–$142 price range. The price opened near $141.59 and showed minor upward momentum with a daily gain of 0.20%.

  1. Price Action: There was a notable intraday high spike to $142.12 before retracing back to a low of $140.70. The stock has been trading in a tight range recently, indicating reduced volatility toward the latter part of the session.
  2. Resistance & Support: Resistance appears at $142, as seen in the rejection at that level. Support is forming near $140.70, which has held well during the recent downturns.
  3. RSI Indicator: The RSI at 42.11 suggests the stock is approaching an oversold territory but hasn’t yet reached extreme levels. This indicates the potential for a reversal if buying pressure increases.

NVDA seems to be consolidating, with neither buyers nor sellers taking strong control. A breakout above $142 could signal bullish momentum, while a breakdown below $140.70 could trigger further downside. Traders should monitor volume and technical indicators for clearer signals.

The post NVIDIA Stock: Why NVDA Could Soar Through 2025 appeared first on FinanceBrokerage.


Other news