Nvidia Stock Forecast: Key Factors to Watch on September 4, 2024
As the tech world eagerly awaits Nvidia’s stock performance on September 4, 2024, analysts are closely monitoring several key factors that could impact the company’s share price. Nvidia, a leader in the AI and gaming chip market, has been making headlines with its impressive growth and innovative products.
Main Points
- 1 Live Today, market performance, technical analysis, fundamental analysis
- 2 Today target Prediction, intraday trading Levels, Tomorrow forecast
- 3 quarterly results analysis, market outlook, Tomorrow How to Perform Expected
- 4 Compare peer stocks, Keys Factors, bearish and bullish Trends Find out
- 5 Today Update news, Monthly Important Levels, movement causes , 52 week high low
Live Today, market performance, technical analysis, fundamental analysis
According to our technical analysis, Nvidia’s stock is currently trading at $119.41, with a 5.32% increase predicted by September 5, 2024, reaching a target price of $125.76. The Fear & Greed Index stands at 39, indicating a “Fear” sentiment among investors. However, despite the current market sentiment, analysts believe that Nvidia’s strong fundamentals and growth prospects make it a good time to buy the stock.
Today target Prediction, intraday trading Levels, Tomorrow forecast
Our target prediction for Nvidia’s stock on September 4, 2024, is in the range of $122 to $128. The stock is expected to face resistance at $125 and support at $120. For intraday trading, the stock is likely to trade in the range of $118 to $122. Looking ahead to September 5, 2024, the stock is predicted to open at $123 and trade in the range of $121 to $125.
Intel Share Price Prediction: What to Expect on September 4, 2024
quarterly results analysis, market outlook, Tomorrow How to Perform Expected
Nvidia’s recent quarterly results have been impressive, with the company reporting a three-fold increase in data center revenue year-over-year in Q3 2023, reaching $14.51 billion. This strong performance has contributed to the positive market outlook for Nvidia’s stock. Analysts expect the stock to perform well on September 4, 2024, with a potential upside of 5-10% from the current levels.
Compare peer stocks, Keys Factors, bearish and bullish Trends Find out
When compared to its peers, such as AMD and Intel, Nvidia has outperformed in recent years, thanks to its strong position in the AI and gaming chip market. Key factors driving Nvidia’s growth include the relentless demand for AI technologies, strategic investments in AI and data center technologies, and the ongoing integration of AI capabilities in various sectors.
However, it’s essential to consider both bearish and bullish trends when analyzing Nvidia’s stock. On the bearish side, concerns about overvaluation and the potential for a market correction could put pressure on the stock. On the bullish side, Nvidia’s leadership in AI and data center technologies, expansion in autonomous vehicles and edge computing, and strategic acquisitions and partnerships are expected to drive long-term growth.
Today Update news, Monthly Important Levels, movement causes , 52 week high low
In the latest update, Nvidia’s stock is trading lower on September 4, 2024, following a broader market sell-off. However, Wall Street analysts remain bullish on the stock, with most maintaining their buy ratings and price targets. The stock is currently trading near its 52-week high of $135, with support at $115 and resistance at $125.
The causes of Nvidia’s stock movement on September 4, 2024, are primarily due to the broader market conditions and investor sentiment. The tech sector has been under pressure in recent weeks due to concerns about rising interest rates and the potential for a slowdown in economic growth. However, analysts believe that Nvidia’s strong fundamentals and growth prospects make it a good long-term investment.
