Analysts Split on Nvidia’s Future After Strong Earnings Report

Nvidia’s latest quarterly results initially caused concern in the stock market, despite surpassing earnings and revenue expectations.

However, shares have since rebounded, rising 1.69% in pre-market trading between November 20 and November 21.

Market analyst Ali Martinez predicts a significant decline in Nvidia’s stock, citing a sell signal from the TD Sequential tool, which analyzes whether a trend will continue or reverse. Martinez forecasts a drop to $114, despite the recent uptick.

Similarly, Tom DeMark, who developed the TD Sequential tool, suggested Nvidia could face a correction after hitting its next peak, though he didn’t offer a specific price target. DeMark also noted that broader market declines could contribute to this downtrend.

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While some analysts, like Dan Ives of Wedbush, remain bullish, raising their targets for Nvidia’s stock price, there’s caution as well. Deutsche Bank maintained a neutral stance, projecting a decline to $140 in the next year. With Nvidia’s market cap above $3.5 trillion, reaching $162.75 would make it the world’s first $4 trillion company, but concerns over its valuation persist.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.