NVIDIA’s (NASDAQ: NVDA) stock price did something interesting in early October, rising to a new all-time high. The move broke the stock out of a significant trading range, extended the trend, and points to a continuation in the upcoming months and quarters.
Technically, the move brings several target projections into play, suggesting the stock can rise by solid double digits in the near term and by high-triple-digit amounts in the long term, setting the stage for this $5.7 trillion company to be worth $10. Investors should consider that doubling to a $10 trillion valuation. Investors should consider that reaching a $10 trillion valuation could happen within the next year or two, and may be only a stepping stone on the way to what this company may really be worth.
