Nvidia has overtaken Microsoft to become the most valuable publicly traded company globally, with a market capitalization of approximately $3.45 trillion. This milestone follows a 3% rise in Nvidia’s stock price, driven by strong demand for its advanced AI chips used by major tech firms like OpenAI, Meta, and Microsoft.
The company reported a remarkable 69% increase in revenue for the first quarter, reaching $44.1 billion, marking a 12% rise from the previous quarter. This growth underscores Nvidia’s critical role in powering AI infrastructure worldwide.
Two Bullish Scenarios Signal Potential for Further Gains
Technical analysis suggests two positive paths for Nvidia’s stock:
Scenario 1: Nvidia may be completing a five-wave upward pattern, which could soon lead to a short-term correction before continuing its upward trend. Indicators show some momentum slowing, hinting at a possible pullback that could offer a buying opportunity.
Scenario 2: Alternatively, Nvidia could be in the early stages of a powerful bullish cycle, with shallow pullbacks and strong buying interest. This scenario points to significant further gains, potentially pushing the stock price toward $160–$180 in the next phase.
Both scenarios affirm a bullish outlook, differing mainly in the timing and depth of any corrections.
What Investors Should Watch
Investors should prepare for either a modest pullback or a continued strong rally. Using risk management strategies like stop losses and layered buying can help navigate the near-term volatility. The overall trend remains positive, reflecting Nvidia’s leadership in AI technology and semiconductor innovation.
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