The Biggest Year in Crypto Is Here... Right Now

The LAST bull run in crypto handed out 4 and 5-figure returns... This time the odds are stacked even better in our favor. 19 Wall Street banks are pouring millions into crypto right now... Blackrock Financial has gone ALL IN and is already breaking records with their investment. $100 trillion in Wall Street money is just waiting to be deployed. The only thing missing... is you.

Nvidia Set For Another Bull Run? Analyst Pitches $1,150 Target, Says 'This Time It's Bringing More Friends Along For The Run'

Ananya Gairola
April 13, 2024

A chart analyst has suggested that Nvidia Corporation (NASDAQ:NVDA) is a strong buy despite a recent pullback. The analyst has also set a target price of $1,150 for the company.

What Happened: Todd Gordon, the founder of Inside Edge Capital, has expressed confidence in Nvidia’s stock despite the recent dip. He believes that the company is poised for another upward move, reported CNBC.

Gordon pointed out that Nvidia, a leading stock in the transformative industries, is likely to resume its uptrend. He also noted that several other companies in the semiconductor industry are showing similar patterns, indicating a potential rally in the sector.

“I say that NVDA is just resting its legs gearing up for another move, but this time it's bringing more friends along for the run. There are quite a few different names in the semi-industry setup in a similar fashion telling me that once again the chips are ready to rip,” he said.

See Also: Cathie Wood’s Ark Invest Sells $20M+ Coinbase Shares As Bitcoin Trades Over $70K, Buys Palantir, Sells Nvidia Stock

Despite a recent correction, Gordon remains optimistic about Nvidia’s future. He predicts that the stock will reach $1,150, representing a significant increase from its current price.

“The last time we spoke about NVDA was on Feb 21st just before the earnings report, while I was on a ski vacation. I was a bit concerned as the sellers came in before the report and we isolated a downside support level of $664 as a point that I would possibly reduce my position from 8% to 6% in the wealth management portfolio if broken,” he explained, adding, “It traded down to a low of $662 and held, but I reduced my holdings to 6% anyway. I tore my Achilles tendon skiing later that day and the stock rallied about 50% from that low. Ouch. It's ok, we're still overweight at 6% and I'm healing up nicely after surgery.”

Gordon said he is also using Elliott Wave analysis “to gauge the maturity of the trend and by my assessment we have one more wave-5 move to my 2024 target of $1,150.”

Why It Matters: This analysis comes in the wake of a recent dip in Nvidia’s stock. Despite this, the company has been projected to maintain its leadership in the $90 billion accelerator market. This is a significant factor that could contribute to the stock’s future performance.

Earlier in March, CNBC’s “Mad Money” host Jim Cramer also suggested that a potential market pullback could present an opportunity for investors. “I think people are right to expect a pullback here. But that's not a reason to head for the hills. Instead, you want to raise a little cash, watch the market broaden — as it is doing — and then buy your favourite tech stocks when they come down.”

Moreover, Wall Street analysts have been revising their outlooks for Nvidia in response to the latest market trends. These adjustments reflect the company’s resilience and potential for future growth, further supporting Gordon’s analysis.

Read Next: Bodegas Are The New Frontier For Underbanked Communities – OLB Group Leading The Charge

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image Via Shutterstock

Continue Reading...

Popular

Record broken for most passengers screened at US airports, TSA says

ATLANTA (AP) — A record was broken for the number of airline travelers screened at U.S. airports, the Transportation Security Administration said Saturday.

Fed's Stance On Inflation, Job Market Performance, And Peter Schiff Slamming Jerome Powell: Top Economic Updates This Week

As the weekend concludes, notable events included the Federal Reserve's hawkish stance, a potential shift on inflation, Jerome Powell's reassurance against rate hikes, a cooling job market, and economist Peter Schiff's criticism of Powell's stance on stagflation.

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Discover a company at the forefront of the AI revolution, with up to $1 billion in government-backed contracts and 1,372 patent applications. Trading at just $25 a share...

Trump Media and Technology Group posts more than $300 million net loss in first public quarter

SARASOTA, Fla. (AP) — Trump Media and Technology Group, the owner of former President Donald Trump's , lost more than $300 million last quarter, according to its first earnings report as a .

Bitcoin Hits One Billion Transactions Amid Weekend Rebound 15 Years After Satoshi Nakamoto Created It — But Was It Faster Than Ethereum?

In a historic milestone for the cryptocurrency industry, Bitcoin (CRYPTO: BTC) surpassed 1 billion on-chain transactions, 15 years after its launch by the pseudonymous creator, Satoshi Nakamoto.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

MINNEAPOLIS (AP) — People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz.

Warren Buffett's "Mystery Stock" - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

California's budget deficit has likely grown. Gov. Gavin Newsom will reveal his plan to address it

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom will update his budget proposal on Friday, and the news likely won't be good.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple

MINNEAPOLIS (AP) — On college campuses across the country, a rallying cry of has been “ ! We will not stop, we will not rest.”

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

DEA And Cannabis Rescheduling: A Rollercoaster Ride You Don't Want To Miss, But Keep Your Seatbelts On

DEA's decision not to sign the rescheduling order caused a roller coaster ride for the cannabis industry, with more confusion ahead.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

I Have a Mystery Offer for You! - Ad

Today, I'm offering you the chance to receive a PLATINUM BTM subscription for up to 90% OFF! There's just one catch... This deal is only open until midnight on Monday. That's it. No exceptions. When the clock strikes midnight on May 27th, this deal will be gone.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: 'You Just Need To Figure Out Which Companies Deserve Your Confidence'

Cramer, a prominent figure in the finance world, suggested that investors should not emulate the trading habits of large hedge funds. Instead, he recommended a long-term investment strategy, emphasizing the need to anticipate and endure market declines.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

Some employees at the Manhattan Beach office have been informed of the relocation and have been asked to prepare for the move by collecting their belongings.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

The week was a rollercoaster ride for the cryptocurrency market. The crypto world was buzzing with news, from Shiba Inu’s surging burn rate to speculation of certain altcoins becoming irrelevant.

June 24th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on June 24th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Rio de Janeiro set for Madonna’s massive Copacabana beach concert that will be her biggest ever

RIO DE JANEIRO (AP) — Madonna will give a free concrete on Copacabana beach Saturday night, turning its vast stretch of sand into an enormous dance floor. It comes after Rio de Janeiro spent the last few days readying itself for the historic performance by the “Queen of Pop.”

Russian President Warns Of Global Conflict During World War 2 Victory Day Celebrations, But Says 'Will Do Everything' To Prevent Clash

As Russia marked the 79th anniversary of the Soviet Union's victory over Nazi Germany in World War II, President Vladimir Putin warned the West of the potential for a global conflict.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Walmart's Q1 Beat Likely To Drive Positive Reaction In The Stock, Says Analyst

J.P. Morgan analyst Christopher Horvers maintains a Neutral rating on Walmart. The retailer reported Q1 2025 adjusted EPS of $0.60, surpassing the $0.52 consensus, and sales of $161.51 billion, up 6.0% YoY. With a 15% EPS beat driven by strong margins and good U.S. comps, Walmart posted solid results, although comps slightly missed buyside expectations.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Second Death - Pfizer Reports Young Boy's Death After One Year Of Gene Therapy Treatment In Muscle Wasting Disorder Trial

A young patient passed away from cardiac arrest after receiving Pfizer's experimental gene therapy for Duchenne muscular dystrophy. Pfizer investigates while trials continue, including Phase 3 study. Second death associated with the therapy.

This Is Bad News for Biden... - Ad

"Bill Clinton is back. And he just met in Mexico with the one person I believe could REPLACE Joe Biden by August... To become the next President of the United States. (And, no, it's NOT Hillary.) When you see who, you'll be terrified... Because if I'm right about the election outcome... What I'm predicting is coming right AFTER will downright terrify you. I'm recommending every American make urgent moves with their money right now." --Louis Navellier

Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency

TerrAscend Corp. (OTC: TSNDF), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024 with gains in revenue and operational efficiency.

Uranium Prices Soar 74% in 6 Months! The Uranium Bull Market Is Here to Stay! - Ad

In December 2023, 22 countries pledged to 3X their nuclear capacity. Sending these uranium stocks into a frenzy. Here's 1 uranium miner that exploration records show is sitting on 2.4 million pounds of uranium.

US aims to stay ahead of China in using AI to fly fighter jets, navigate without GPS and more

WASHINGTON (AP) — Two Air Force fighter jets recently squared off in a dogfight in California. One was flown by a pilot.

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media who stepped in when the league's app couldn't broadcast the game.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Netanyahu's Cabinet votes to close Al Jazeera offices in Israel after rising tensions

TEL AVIV, Israel (AP) — Israeli Prime Minister Benjamin Netanyahu said on Sunday that his government has voted unanimously to shut down the local offices of Qatar-owned broadcaster Al Jazeera.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service