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.
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.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.