Nvidia Nears 236.54 Buy Point as Shares Outpace Chip Rivals
Updated
Updated · Investor's Business Daily · Aug 13
Nvidia Nears 236.54 Buy Point as Shares Outpace Chip Rivals
3 articles · Updated · Investor's Business Daily · Aug 13
Summary
Nvidia shares are approaching a 236.54 buy point after also offering a 224.76 early entry, with the stock trading around $225.47 in the latest analysis.
The setup is being driven by a faster recovery than other chip and AI hardware names, giving Nvidia stronger relative strength even though its RS line remains below prior highs.
IBD data showed a 97 Composite Rating, an industry-group rank of 15 out of 197 and a consolidation pattern rather than a traditional base.
The technical strength follows a bullish analyst call earlier Thursday that labeled Nvidia a generational buying opportunity, citing 25 times forward earnings and projected 43% revenue growth next year.