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On Dec. 19, Barchart’s Top Trade Alerts screener notified readers about a potential buying opportunity in Nvidia (NVDA). So far, the signal has proven prescient. On the close of that session, NVDA stock sat a penny short of $181. On Dec. 26, the security reached $190.53. And while subsequent trades have seen a slight cooling off, overall sentiment appears robust as major tech enterprises have started to shake off bubble fears impacting artificial intelligence.
Having said that, few things tend to be as unhelpful to readers of financial publications than stories about what could have been. Fortunately, NVDA stock is not one of those examples. Quantitatively, there’s reason to believe that the semiconductor giant is basically a time-capsule opportunity.
