The whereabouts of the nvidia stock price

Candlestick 1 is a long-term Nvidia stock price chart since the beginning of 2018. The closing price on December 31, 2018, was $3.38. By October 28 of this year, the stock price had soared to $140.52 (closing price). Over a staggering 41 times.it increased.

Now, take another look at Chart 1. Nvidia's performance has been strong, underpinned by remarkable growth.Starting from the end of 2023, Nvidia's stock price has been rising. It hit a high above $140 in June of this year..

However, there was an announcement in the summer of 2024 that there were design issues with the new semiconductor series called "Blackwell" applied to the company's AI generation. In addition, perhaps due to the very rapid pace of the previous stock price increase, NVIDIA's stock price has become stagnant.

To examine these stock price movements in detail, Chart 2 has been prepared.

This chart shows this year's stock prices. Since the summer of this year, the fluctuations in stock prices have gradually decreased, forming a triangle consolidation.Forming a triangle consolidationDuring that period, it seems that there was a balance of power between investors who wanted to buy Nvidia's stock and those who wanted to sell. Orange resistance and support lines were drawn on candlestick 2. The triangle consolidation started in July or August and seems to have continued ever since. Finally, on October 2, the balance of buying and selling was broken, andthe stock price started to rise again.At the same time, the company's CEO, Mr. Fan, responded to questions about the 'Blackwell' issue in an interview with CNBC. According to him, it seems that the balance of buying and selling was broken finally on October 2, and the stock price started to rise again.

At the same time, the company's CEO, Mr. Fan, responded to the issue of 'Blackwell' in an interview with CNBC. According to Mr. Fan, technical issues have already been resolved, and products incorporating Blackwell are being produced smoothly.Products incorporating Blackwell smoothly are being produced, resolving technical issues.It was mentioned.

With such positive factors, Nvidia's stock price exceeded the high of $140.76 reached in June.Nvidia's stock price briefly exceeded the high of $140.76 reached in June.

In the future, with the consecutive earnings reports of major companies, the overall stock market may enter a wait-and-see mode. The stock price of NVIDIA, which has been performing well so far, may remain stable for a while. (Above, summarized and quoted from Minna Kabu InfoNoid 'Kabutans').