NVIDIA (NVDA) Corporation shares (see our NVIDIA stock forecast) have rallied 5,80% just recently after a 2 week consolidation after reaching an all time high of 250,48 USD / share on NASDAQ. NVIDIA Corp is an American (California based) technology company that primarily designs graphics processing units.

NVDA has been a very popular invesment in the past few years as the company has ruled the digital asset (cryptocurrency) mining market together with AMD. Shares prices of the company have skyrocketed in the past 2-3 years offering a 1000% ROI since 2016. According to an article on marketwatch.com analyst Rajvindra Gill from Needham & Co. stated that he has a price target of 300$ in mind for the future and that a possible reason for shares going down would have been the Uber self driving car incident. Even though Uber and Nvidia partnered for the hardware for the vehicle, the fault was on the software for which the company had no responsibility.

Our opinion according to the chart is that if we manage to break above the previous trend line that now acts like a resistance, NVDA might possibly continue its bull run. Digital Assets and mining (solving mathematical tasks with computer hardware like GPUs and CPUs) are here to stay for the foreseeable future according to the Nvidia founder and CEO Jensen Huang.

We operate a free Machine Learning (AI based) forecast feature on WalletInvestor.com and currently we have a positive future outlook for this share. Visit us for more forecasts, market statistic and a toplist on the most promising Stocks.

