Arguably the most anticipated event of this trading week will be the NVDA
earnings, scheduled for Wednesday after close. The historic run in this stock
has been well documented over the past year and a half, with the AI frenzy
fueling an incredible run over that period. In October 2022 NVDA traded as low
as $108.13, and recently traded as high as $746.11. Nearly a seven-fold
increase in less than 16 months.
This kind of run has not been unprecedented for NVDA. This run was preceded
by an eleven-fold increase from January 2019 to November 2021 when NVDA went
from $31.11 to $346.47.
In this post I will outline my long-term count for NVDA. This chart begins
with the inception of NVDA and brings us to the current outlook.
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