Nvidia Stock For 2023? Not So Fast.

Описание: NVIDIA was once the hottest tech stock on the market, but now it’s just another down-and-out play with earnings in decline… or is it? The company is the leading manufacturer of graphics processing semiconductor products and is fundamental to the modern tech world. It’s facing some headwinds now, but they should turn into tailwinds by the 2nd half of 2023.

The chart of NVIDIA is promising. The market is rebounding and heading up to a key resistance level that could trigger a full reversal. The risk is that earnings are due out in late February and could cap gains. The consensus estimates are falling, and there is risk the outlook for the 1st half of the year could be gloomy.

In this video, we discuss what’s driving NVIDIA stock and where the price action is headed from here. If the market follows through on the signal that it is giving, this stock could gain double-digits by the end of the year.

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