NVDA is undervalued relative to its fundamentals; positive performance expected in Q4.
Jump to any passage
Uh Nvidia 3 and a half%, Broadcom 5 and a half% Broadcom breakout at last. We'll talk about the Broadcom chart. Amazon 5%, Microsoft 3%, Google up 2%, Google's a big slow truck, and then AMD another big breakout.
Nvidia, I also said this one look primed to break out. It did break out new all-time high just like a new all. By the way, when you see Nvidia breaking new alltime high, you can be pretty damn certain the QQQ's are doing the same thing because that makes up like 8% of the index.
It's completely crazy. So, uh, here we are. First all-time high, October 1st, second, 3rd, fourth, fifth, ran all the way up to 243. Taking a little bit of a breather now, but still this stock is very, very cheap for what it is.
Expect more good things, especially in Q4. Q4 is the most exciting time of the year to be in the markets. I love Q4. It's delicious. But remember, the beginning of every month is always bumpy.
And that's the big story here today. 70% of the time October is positive. And I believe it'll be positive this time again. So, buckle in. First week, 10 days can be bumpy. And that's what we got here.
What this channel has said about $NVDA
InvestAnswers has 11 calls on this stock; only the adjacent ones are shown.