{"id":123068,"date":"2024-11-07T11:31:51","date_gmt":"2024-11-07T04:31:51","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123068"},"modified":"2024-11-07T11:31:51","modified_gmt":"2024-11-07T04:31:51","slug":"nvidia-stock-prices-to-watch-as-ai-darling-becomes-worlds-most-valuable-company","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123068","title":{"rendered":"Nvidia Stock Prices to Watch as AI Darling Becomes World&#8217;s Most Valuable Company"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"mntl-sc-page_1-0\" data-sc-sticky-offset=\"80\" data-sc-ad-label-height=\"0\" data-sc-ad-track-spacing=\"90\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"1\" data-sc-content-positions=\"[300, 1, 1, 1250, 1, 1, 1, 1]\" data-bind-scroll-on-start=\"true\">\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-callout mntl-block\">\n<div id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow\" data-tracking-id=\"mntl-sc-block-callout\" data-tracking-container=\"true\">\n<h3 id=\"mntl-sc-block-callout-heading_1-0\" class=\"comp mntl-sc-block-callout-heading mntl-text-block\">Key Takeaways<\/h3>\n<div id=\"mntl-sc-block-callout-body_1-0\" class=\"comp mntl-sc-block-callout-body mntl-text-block\">\n<ul>\n<li>Nvidia this week surged into the top position among the world&#8217;s most valuable companies by market capitalization, surpassing Apple.<\/li>\n<li>The stock has traded mostly sideways to higher on low trading volumes since breaking out from a symmetrical triangle last month as investors look for future catalysts that may drive the AI favorite&#8217;s next move.<\/li>\n<li>Investors should monitor key lower price levels on Nvidia&#8217;s chart around $144, $125 and $97, while watching an important higher level near $180.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nvidia (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=nvda\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">NVDA<\/a>) this week surged into the top position among the world&#8217;s most valuable companies by <a href=\"https:\/\/www.investopedia.com\/terms\/m\/marketcapitalization.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">market capitalization<\/a>, surpassing iPhone maker Apple (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=aapl\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">AAPL<\/a>).\n<\/p>\n<p id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The AI chipmaker\u2019s shares gained about 4% on Wednesday, hitting a record high of $146.49, as <a href=\"https:\/\/www.investopedia.com\/dow-jones-today-11062024-8740417\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">U.S. equities soared<\/a> following the election of Donald Trump as president. Nvidia shares have risen nearly three-fold since the start of the year amid insatiable demand for the company\u2019s family of AI chips, including its next generation Blackwell <a href=\"https:\/\/www.investopedia.com\/terms\/g\/graphics-processing-unit-gpu.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">graphics processing units (GPUs)<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Below, we analyze the <a href=\"https:\/\/www.investopedia.com\/terms\/t\/technicalanalysis.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technicals<\/a> on Nvidia\u2019s chart and identify important price levels that investors may be watching.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-trading-volumes-remain-low\"\/><\/p>\n<h2 id=\"mntl-sc-block_9-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Trading Volumes Remain Low <\/span> <\/h2>\n<p id=\"mntl-sc-block_10-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Since breaking out from a <a href=\"https:\/\/www.investopedia.com\/terms\/s\/symmetricaltriangle.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">symmetrical triangle<\/a> last month, Nvidia shares have traded mostly <a href=\"https:\/\/www.investopedia.com\/terms\/s\/sidewaysmarket.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">sideways<\/a> to higher as investors look for future catalysts that may drive the AI favorite\u2019s next move.\n<\/p>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> It\u2019s worth pointing out that in recent months, the stock\u2019s <a href=\"https:\/\/www.investopedia.com\/articles\/technical\/02\/010702.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">volume<\/a> has tracked steadily lower, potentially indicating that larger market participants remained on the sidelines ahead of the US <a href=\"https:\/\/www.investopedia.com\/dont-rush-to-trade-the-election-outcome-even-if-stocks-move-do-this-instead-say-experts-8740096\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">election<\/a> and amid uncertainty over <a href=\"https:\/\/www.investopedia.com\/possible-ai-chip-cap-asml-sales-warning-hit-nvidia-semi-stocks-8728345\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">chip export curbs<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Looking ahead, investors should monitor for increasing share turnover while eyeing these important price levels on Nvidia\u2019s chart.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-key-lower-levels-to-monitor\"\/><\/p>\n<h2 id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Key Lower Levels to Monitor <\/span> <\/h2>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The first lower level to watch sits at $144, an area on the chart just below Wednesday&#8217;s closing price where the shares may encounter support near a period of <a href=\"https:\/\/www.investopedia.com\/terms\/c\/consolidation.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">consolidation<\/a> positioned around the prior <a href=\"https:\/\/www.investopedia.com\/articles\/active-trading\/051315\/how-trade-stocks-hit-alltime-highs.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">all-time high (ATH)<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Further selling could see Nvidia shares fall to around $125, an area on the chart where they currently find <a href=\"https:\/\/www.investopedia.com\/terms\/s\/support.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">support<\/a> near the closely watched <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/012815\/why-50-simple-moving-average-sma-so-common-traders-and-analysts.asp#:~:text=Simple%20Moving%20Average%3F-,The%2050%2Dday%20simple%20moving%20average%20is%20a%20trendline%20that,a%20stock's%20strength%20or%20weakness.\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">50-day moving average<\/a> and symmetrical triangle\u2019s upper trendline.\n<\/p>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> A <a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakdown.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">breakdown<\/a> below this level could see the stock fall to the $97 region. Investors may seek <a href=\"https:\/\/www.investopedia.com\/articles\/trading\/filters-and-triggers.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">entry points<\/a> at this location near a trendline joining two March <a href=\"https:\/\/www.investopedia.com\/trading\/peak-and-trough-analysis\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">peaks<\/a> with a series of prices positioned around the early-August low.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-important-higher-level-to-watch\"\/><\/p>\n<h2 id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Important Higher Level to Watch <\/span> <\/h2>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> To forecast a higher level using technical analysis, we can apply the <a href=\"https:\/\/www.investopedia.com\/terms\/m\/measuring-principle.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">measuring principle<\/a>, often referred to as a measured move.\n<\/p>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> This technique works by calculating the distance between the symmetrical triangle\u2019s two trendlines near their widest point and adding that amount to the initial <a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakout.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">breakout<\/a> area. In other words, we add $55 to $125, which projects an upside target of $180.\n<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our\u00a0<a href=\"https:\/\/www.investopedia.com\/legal-4768893#toc-warranty-and-liability-disclaimer\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">warranty and liability disclaimer<\/a>\u00a0for more info.<\/em>\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>As of the date this article was written, the author does not own any of the above securities.<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/watch-these-nvidia-price-levels-after-ai-favorite-resumes-position-as-world-s-most-valuable-company-8740419\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia this week surged into the top position among the world&#8217;s most valuable companies by market capitalization, surpassing Apple. The stock has traded mostly sideways to higher on &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=123068\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-123068","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=123068"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123068\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=123068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=123068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=123068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}