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Technology Stocks : NVIDIA Corporation (NVDA)
NVDA 852.45+3.6%3:59 PM EST

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From: Frank Sully4/17/2021 7:11:56 PM
   of 2616
How High Can Nvidia Go From Here?

Nvidia continues to run to all-time highs. Here's a look at where the stock could go from here.

Bret Kenwell
Apr 16, 2021 2:01 PM EDT

Nvidia ( NVDA) - Get Report might be down almost 1% on Friday but lately the stock has been on fire.

It's still up more than 1% for the week and will finish higher for the third consecutive week.

Helping drive the stock's current rally was the company’s GTC event, where a keynote presentation from CEO Jensen Huang helped unleash a flood of buying among investors and drove the stock to new all-time highs.

Nvidia has drawn the praise of analysts too. For instance, Raymond James analysts recently raised their price target to $750 from $700 as they eye a rebound in enterprise spending and Nvidia’s new chip.

We have done well with Nvidia's technicals, too.

In March, I analyzed the stock as it probed for a bottom. Then earlier this month, the stock gave bulls a monthly-up rotation, setting the stage for an explosive rally over the prior 52-week highs near $615.
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