His rationale wasn't that compelling - more gaming GPU sales and higher prices on Ebay to off-set crypto declines - but his action may have ignited a pending technical breakout above the $230 resistance level that presaged a bigger catalyst. The rocket commenced a launch sequence on October 26, as Piper Sandler analyst Harsh Kumar raised his price target on NVDA to $260 from $225.

But today I want to show you the entire landscape of other analysts, including a few who've been right there with me. I thought it would be fun to view the spectrum of analyst reactions before-during-after these two events - plus one other catalyst that happened in late October.Īnalysts (Besides Yours Truly) Who Saw It Comingįollowers know I've had them buying and holding NVDA near $200 all year. In the article attached to that video, I describe in more detail five big take-aways from that segment. In the video, I share a 2-minute clip from Jensen's keynote where he summarizes multiple factors driving the success of the NVIDIA hardware-software stack known as CUDA (Compute Unified Device Architecture). NVIDIA GTC Lessons in 2 Minutes from Professor Huang I wrote and talked about the first event here. The two events were (1) its annual GPU Tech Conference on November 9, which is always full of great surprises from Jensen Huang and his teams of engineering wizards and (2) its Q3 beat-and-raise earnings report last Wednesday. All Rights Reserved.NVIDIA ( NVDA Quick Quote NVDA - Free Report) has been a rocket in the past month - up over 40% since October 25 - even before two events which sent it higher still.

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Nvda price target raised