NVDA is a safe bet; strong profit growth supports continued rise within a price channel.
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Nvidia's profits were astounding. They generate revenues of over $1 billion daily, and will grow by 70% by this time next year. So they will make $1.7 or maybe $2 billion a day.
Next year. This is the leading company in the field of artificial intelligence and shows no signs of slowing down. There was a slight rise after the earnings announcement, followed by a corrective decline, which is normal after results, but the stock rose by $7 today .
The all-time high is $236, it is currently trading at $224, and it reached $228 today. So we are very close to historical levels. I believe the stock will continue to rise within a price channel as we move forward.
Anyway, I'll draw it for next week. I'll find out where I put that button. Um, that was Nvidia. This is a safe bet.
What this channel has said about $NVDA
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