Monday, February 19, 2024 8:34:28 PM
At this time, earnings are not keeping pace with revenue. Once it catches up, this will skyrocket.
There are also several near term catalysts.
1) Obviously, earnings will be reported. If it beats predictions, it could/should go higher.
2) Meeting in March to showcase AI and NVDA. That should also lead to a spike in share price. History has shown, the last six times they had this meeting, there was an average increase of 6% in share price, the following day.
3) As the share price continues to rise, it is likely that a stock split will occur. That tends to raise the price more quickly, as the lower price makes the stock more affordable for retail.
These are the catalysts we are aware of. There will be other announcements, partnerships, and a possible stock buy back, with the war chest of cash that NVDA has accumulated.
The above points, do not mean there won't be some volatility going forward. However, all of these factors point to this going higher, and it could be very quick.
Good luck to all.
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