CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Nvidia stock rose 5% on analyst upgrade

18:34 17 June 2021

Nvidia (NVDA.US) shares rose more than 5% after Jefferies maintained a Buy rating and lifted its price target on the semiconductor stock to $854 from $740. "We see NVDA as a major beneficiary of the 4th Tectonic Shift in Computing, in which parallel processing captures share in the computing market," Jefferies' Mark Lipacis said. "We think NVDA's decade-long investment in CUDA has resulted in a multi-year competitive advantage." Company's chief financial officer, Colette Kress told Lipacis that it was possible for the company to break out software sales as a revenue line item once it becomes a meaningful portion of the business. Nvidia also expects that its Arm acquisition will close in the early part of 2022. 

Nvidia (NVDA.US) stock bounced off 50 SMA ( green line) during yesterday’s session and hit a new all-time high around $753 per share. If the current sentiment prevails, then the next target for bulls is located at 127.2 and 161.8 external Fibonacci retracements of the recent upward wave. However if sellers will manage to regain control then nearest support lies at $721.67 per share. Source: xStation5

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