Can Nvidia Blackwell Demand Propel it To $160? Possible!

It would not be wrong to say that NVIDIA is on track to see the Blackwell generation as the firm's most successful product in its history, mainly because demand is now said to have skyrocketed to an unprecedented level.

With the capabilities and computing power brought in by Blackwell, the architecture has managed to attract the attention of major market players such as Microsoft, Meta, Oracle and OpenAI, and now, Morgan Stanley claims that Team Green has sold out the supply for Blackwell products moving into 2025, creating a massive supply-demand bottleneck.

NVIDIA's Blackwell AI GPU Architecture is said to shock "AI Bearish" scenarios, Team Green looks to enter inferencing markets as well. The report on Blackwell are also shocking and there is no doubt the fact that the industry will benefit tremendously from the debut of NVIDIA's Blackwell products, once they hit the mainstream markets.

Based on the figures we have seen until now, Blackwell's demand and anticipation is unmatched when compared to the Hopper generation, and its important to note that NVIDIA's Hopper architecture initially fueled the AI hype, leading NVIDIA into the trillion-dollar club.

So in this article, I am going to show why I think that NVDA could reach $160 as we could imagine what Blackwell brings onboard,

If we looked at how NVDA have been trading, we could see that MACD is showing promising upside and this upside trend could continue.

On the MTF side, we are seeing NVDA trading comfortably above both the short=term and long-term MA, and we are seeing strong uptrend.

So I believe the possibility of hitting $160 for NVDA could happen.

Using supertrend, we are also seeing that NVDA is moving in an upside trend, and there is no signs of it slowing down, so we could be seeing NVDA hitting $160 soon.

With Blackwell orders coming in from big tech names, we could be seeing investors sentiment improved and NVDA would be trading around $140ish before making a move towards $160.

Appreciate if you could share your thoughts in the comment section whether you think NVDA could have the chance to move towards $160?

I am holding onto my NVDA in the portfolio.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.